The electronics manufacturing services (EMS) sector in Malaysia has seen mixed performance in 2024 despite being part of the broader tech upcycle, with rising costs, inflation, and supply chain disruptions offsetting growth from increased global demand and outsourcing trends. Key EMS Performances Winners : SKP Resources Bhd (+76% YTD) V.S. Industry Bhd (+47% YTD) NationGate Holdings Bhd (+51% YTD) P.I.E. Industrial Bhd (+29% YTD) Strugglers : ATA IMS Bhd (-8% YTD) JHM Consolidation Bhd (-36% YTD) Growth Drivers and Challenges Diversification Opportunities : The China+1 and Taiwan+1 strategies have positioned Malaysian EMS players to gain market share. However, reliance on major customers, such as Dyson, continues to be a concern. Cost Pressures : High inflation and production costs have affected profit margins. Company Highlights SKP Resources : Recorded a 27% y-o-y net profit increase , benefiting from a recovery in consumer demand. V.S. Indust...
Nvidia CEO Jensen Huang expressed confidence that global collaboration in science and technology will persist, even amid potential tighter export controls from the incoming Trump administration.
Huang on Global Cooperation
- Despite the Trump administration’s previous restrictions on exporting US technology to China, Huang believes international collaboration remains essential.
- “Open science and global cooperation across math and science have been the foundation of societal and scientific advancements for a very long time,” Huang stated during a media session in Hong Kong.
- He emphasized Nvidia's commitment to balancing compliance with laws and policies while continuing to advance technology and serve customers globally.
The Age of AI
- During a speech at the Hong Kong University of Science and Technology (HKUST), Huang declared, “The age of AI has started — a new computing era that will impact every industry and every field of science.”
- Highlighting Nvidia’s innovations, he described how the company reinvented computing 25 years ago by inventing the graphics processing unit (GPU) and now leads the AI revolution.
- “AI is the most important technology of our time, and potentially of all times,” Huang remarked.
Message to Graduates
- Huang, who received an honorary doctorate from HKUST, encouraged graduates by saying they are entering an industry at the "starting line" of a new era.
- “The whole world is reset. You now have the instruments necessary to advance science in many fields,” he said, inspiring graduates to tackle unimaginable challenges with new tools and technologies.
Honorees and Events
- Huang received the award alongside actor Tony Leung, Nobel Prize in Chemistry laureate Michael Levitt, and Fields Medalist David Mumford.
- Later in the day, Huang participated in a fireside chat with HKUST council chairman Harry Sham, engaging teachers and students in discussions about the future of AI and technology.
Conclusion: Jensen Huang’s remarks reflect optimism for continued global cooperation in technology, even in a shifting geopolitical landscape. As the “age of AI” advances, Nvidia remains at the forefront of a revolution poised to transform industries and science worldwide.
Comments
Post a Comment