Malaysia's semiconductor industry projected to grow 8-10% in 2022
The Malaysia Semiconductor Industry Association (MSIA) projected the semiconductor industry to grow by 8% to 10% in 2022, followed by a weaker 2023, due to weaknesses in the personal computer and smartphone manufacturing industries, Hong Leong Investment Bank Bhd (HLIB) said.
Hong Leong Investment Bank Bhd (HLIB)表示，马来西亚半导体工业协会（MSIA）预计，由于个人电脑和智能手机制造行业的疲软，丰隆半导体行业在 2022 年将增长 8% 至 10%，2023 年将放缓。
In a research note on 26th October, HLIB said the automotive industry, however, remained resilient with a strong bill-to-book ratio.
HLIB 在10 月 26 日的一份研究报告中表示，尽管如此，汽车行业仍保持强劲的账薄比。
It said fabrication plants would continue to get equipped, despite recent scaled-down capital expenditure plans by major players, but might put manpower on hold until orders are secured.
该公司表示，尽管各大厂商最近缩减了资本支出计划，但制造厂将继续装备设备，但可能会在订单获得之前暂停人手。
“The MSIA is working with the Government to improve non-monetary incentives to attract foreign direct investment (FDI) in this industry.
“MSIA 正在与政府合作，改善非货币激励措施，以吸引该行业的外国直接投资 (FDI)。
“We maintain our 'overweight' stance, and are tactically in favour of front-end players,” it added.
“我们维持‘增持’的立场，并在战术上支持前端玩家，”它补充道。
The investment bank said in the past 12 months, a total of RM52 billion in semiconductor investment was announced, targeting to create 11,000 jobs.
该投资银行表示，在过去 12 个月中，共宣布了总计 520 亿令吉的半导体投资，目标是创造 1.1万个就业岗位。
“In view of the impending implementation of the global minimum tax of 15%, the MSIA is working with the Government to improve non-monetary incentives, such as automation, talent and supply chains, to attract FDI in this industry,” it said.
“鉴于即将实施 15% 的全球最低税率，MSIA 正在与政府合作，改善自动化、人才和供应链等非货币激励措施，以吸引该行业的外国直接投资，”它说。
HLIB said increasing demand for digitalisation boosted worldwide sales, which resulted in a global chip shortage that impacted supply chains across sectors.
HLIB表示，对数字化的需求不断增加，推动了全球销售，导致全球芯片短缺，影响了各行业的供应链。
The investment bank said the technology sector is expected to experience multi-year earnings growth supported by fundamental exponential demand and further enticed by government incentives.
该投资银行表示，在基本指数需求的支持和政府激励措施的进一步推动下，预计技术行业将经历多年的盈利增长。
“We maintain our tactical position in favour of front-end players, as many countries have rushed to develop their semiconductor capabilities, especially in leading-edge front-end fabrication (foundry), to be self-sufficient on the back of national strategic and security interests,” it said.
该公司表示:“我们保持有利于前端企业的战术立场，因为许多国家都急于发展其半导体能力，特别是在前沿前端制造(代工厂)方面，以在国家战略和安全利益的基础上实现自给自足。”
HLIB outlined several challenges for the semiconductor industry, including economic headwinds such as inflation and global recession risk, demand correction in consumer products, as well as supply disruptions.
HLIB 概述了半导体行业面临的若干挑战，包括通胀和全球衰退风险等经济逆风、消费品需求调整以及供应中断。
Malaysia will participate in implementing the global minimum corporate tax of 15% from 2023 on large multinational enterprises and Malaysian conglomerates whose annual global turnover exceeds RM3.4 billion.
马来西亚将从 2023 年起，参与对全球年营业额超过 34 亿令吉的大型跨国企业和马来西亚企业集团实施 15% 的全球最低企业税。