Mi Technovation 2Q net profit jumps 22% to RM22.7mil

KUALA LUMPUR: MI Technovation Bhd remains committed to its long-term business strategy to strengthen its position as a comprehensive solution provider to unlock growth in the market share.

“In the semiconductor equipment business unit (SEBU), we still see our customers remain cautious about the capex expenditure spending. However, with the introduction of the new artificial intelligence (AI) enabled equipment platform for mobility and wearables segment, we expect further contribution to the top line in 2023,” Mi said in a filing with Bursa Malaysia.