Kuala Lumpur, 8 September 2022 – The official joint venture collaboration between Malaysian Precision Metal Parts Manufacturer Metalmach Micro Technology (MMT) and Auxiliary Materials partner from China-Future Hover Industrial Co., Ltd (Future Hover) to invest RM1 billion in making Malaysia the preferred destination for semiconductor exports in Southeast Asia and the world was graced by YAB Dato’ Seri Haji Aminuddin Bin Harun, Menteri Besar of Negeri Sembilan.
As part of this agreement, both parties will pool their top-tier technology and resources to provide an industry-wide one-stop shop. This is accomplished by bringing together MMT’s 40 years of precision machining, mould dies, and semiconductor development knowledge with Future Hover’s very competitive consumables and auxiliary materials, as well as its competence in semiconductor testing and packaging, all under one roof.
In order to produce RM 10 billion in export income over the next ten years, the domestic brand and its Chinese rival will spend RM 1 billion together, starting with the construction of an all-inclusive and complete plant that will shortly be established in Negeri Sembilan, Malaysia. More than 500 employment will be created in the area, and this will act as a centre for regional and international suppliers to get more affordable goods with shorter lead times. In doing so, the two parties seek to offer technical training and in-depth industrial knowledge in an effort to support the development of a sizable skilled worker population in Negeri Sembilan and our nation.
Ms. Guan Mei Ying, General Manager of Future Hover, commented saying, “Malaysia serves as an ideal location for us to anchor in the Southeast Asia region not only because of its supportive government but also factors such as the educated workforce, strategic location, and developed infrastructure that can most definitely bring a huge impact to our operations. While this collaboration will indefinitely result in a multitude of job opportunities for Malaysians, I look forward to seeing the greatness that we can achieve together as a result of combining the knowledge, expertise, and resources of two great nations.”
During the press conference, it was disclosed that with this agreement, MMT would be able to develop its presence in the China market, delivering current services to industry participants in the region and contributing to the export sales and demand for Malaysian products and services.
Mr. Low Kim Yoong, Operations Director of MMT, said, “With the increasing demand and tremendous expansion of the semiconductor sector within Southeast Asia, this collaboration will not only strengthen the position of both companies within the region but also enhance Malaysia’s already favorable position in the supply chain and enable our beloved country to be the priority choice for semiconductor production globally. This joint venture collaboration will enable us to handle everything from the front end to the back end of semiconductor assembly, making us one of the strongest players in the semiconductor industry supply chain.”
“We look forward to providing superior support and cost-efficient solutions for industry players across the globe as well as contributing to the growth of our nation, with the commencement of this joint venture collaboration,” he concluded.
Ms. Guan Mei Ying was unable to attend the official signing ceremony due to the lockdowns in China; as a result, Mr. Alfred Foo, Business Director (Malaysia) of Future Hover, who tirelessly worked to ensure a fruitful and successful partnership between the two parties, was chosen to stand in for the general manager of Future Hover at the main event.