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On Cloud Business: The Group is poised to reap the benefits of the AWS Asia Pacific (Malaysia) Region which was officially launched on 22 August 2024. The Group is also excited with the ground-breaking of Google’s first data center located in Elmina Business Park, Selangor on 1 October 2024 which is expected to create plenty of Cloud and AI business opportunities for the Group.
Commentary on EMS: 1. Growth is projected across several key product segments, including consumer electronics, industrial equipment, medical/healthcare devices and IoT gadgets. Within consumer electronics, stronger performance is anticipated in 2H’25, driven by the anticipated launch of replacement models. The industrial segment is poised for a sales boost with the impending launch of a new, environmentally friendly product line. In the medical device segment, the Group is enthusiastic about the development of a novel, AI-powered medical device, with production scheduled to commence in 2Q’25. Preparations for mass production are underway to cater to certain newly acquired customers across these product segments.
2. Having secured the manufacturing and supply of peripherals or controller sub-systems used to control and regulate the cooling system in data centres from a US company, it is envisaged to contribute sales with escalating significant volume moving forward, supported by the growing number of data centres in Malaysia and globally to cope with increasing demand from AI applications.