Many companies are applying the Fourth Industrial Revolution initiatives in manufacturing. However, only a small number of companies have managed to successfully integrate Industry 4.0 technologies at a scale that allows them to realise significant economic and financial benefits.
Known as “lighthouse” companies, these organisations have taken their smart manufacturing journeys from pilot to integration at scale, serving as beacons to guide others in overcoming challenges in their production systems through the adoption of leading-edge technologies such as artificial intelligence, additive manufacturing and advanced analytics.
At our recent webinar entitled “Journey to Recovery of the E&E Industry”, Dato' Azman Mahmud, Chief Executive Officer of Malaysian Investment Development Authority (MIDA) spoke about building Malaysia’s very own Lighthouse Project comprising multinational corporations that will act as anchors to guide local players into this new venture.
During the webinar, Dato' Azman elaborated about Malaysia’s competitive edge attributed to its diversified economic structure and Government support. However, he added, to sustain this competitive edge, the Malaysian economy must be digitally empowered. The Lighthouse Project is one of the programmes that will help achieve this objective.
We are inspired and encouraged by this initiative. As firm believers in connecting and collaborating, SEMI Southeast Asia supports programmes that drive the entire eco-system forward, together. We look forward to seeing MIDA drive this project, and we encourage Malaysian E&E companies to tap into MIDA’s expertise in this field.
Ultimately, we are confident that through this initiative, Malaysia will be repositioned as one of the top global manufacturing nations through the adoption of Industry 4.0 technologies.