CHINA’S electric vehicle (EV) ecosystem is often described as a closed loop – powered, supplied and dominated by domestic champions. But one of Malaysia’s leading semiconductor players has been positioning itself inside that circle.
Penang-based MI Technovation Bhd
, one of Malaysia’s big four listed automated test and equipment (ATE) players, first announced a venture in China in 2023, earmarking almost RM150mil to research and develop power modules to be used in the making of EVs.
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