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U.S. electronics companies in Malaysia register Q3 growth

Posted: 18 Nov 2005 ?? ?Print Version ?Bookmark and Share

Keywords:malaysia? amd? dell? intel? Motorola?

U.S. electronics manufacturers in Malaysia registered steady growth in exports for the third quarter despite lingering uncertainties affecting the sector, the Malaysian American Electronics Industry (MAEI) group reported.

Total exports for MAEI members reached 18.96 billion ringgit ($5 billion) from July to September, a 5 percent increase over the prior quarter, the group said in a statement.

MAEI members, including AMD, Dell, Intel and Motorola, now estimate that sales for the final quarter of 2005 will reach 18.72 billion ringgit ($4.95 billion). The group's revised export forecast for the full year is 70.9 billion ringgit ($18.7 billion), a drop from the original target of 82.2 billion ringgit ($21.7 billion) set in June but still 4 percent higher than total sales for 2004.

MAEI chairman Wong Siew Hai admitted external factors took a toll on the companies' third quarter performance.

"The seasonality volume could have been higher, if not for a drop in consumer confidence, which is due to increased oil prices and economic uncertainties exacerbated by Hurricane Katrina and the possible threat of an avian flu pandemic," he said. "To maintain operations competitiveness, some members have moved their legacy products to other lower cost factories in the region, to make way for the new products."

MAEI said its members have indicated they are hiring more engineers to handle new processes and fast-growing design, package and product development activities, with hiring expected to continue throughout the remainder of 2005. The group's total workforce stood at 57,700 in the third quarter, with engineers and technicians making up about 10 percent of the total.

The group estimated in its mid-year forecast that total staff numbers would reach 62,000 in 2005.

- jonathan hopfner

EE Times




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