Malaysia takes a leap in AI and IC design as PM Anwar backs pendrive pioneer KS Pua’s new venture

AI Summary

Prime Minister Anwar Ibrahim launched MaiStorage Technology Sdn Bhd, founded by technologist Datuk Pua Khein Seng, highlighting it as a significant advancement for Malaysia in AI and the global IC design industry. The launch, coinciding with the 46th ASEAN Summit, demonstrates Malaysia's commitment to digital transformation. MaiStorage, a subsidiary of Taiwan-based Phison Electronics, aims to propel Malaysia into the generative AI era and establish the country as a leader in IC design. The venture involves a technology transfer exceeding RM1 billion.