Malaysia is making a bold bet to revamp its semiconductor industry.

Despite challenges in the electric vehicle (EV) industry throughout 2024, the surge in artificial intelligence (AI) applications has fueled strong demand for connectors and wiring solutions. On March 11, BizLink-KY, the leading connector and wiring manufacturer, announced its financial results, reporting a record-high net profit of NT$15.55 billion (US$513.1 million) for the fourth quarter of 2024. The company’s full-year net profit reached NT$43.96 billion (US$1.37 billion).

On March 10, Huawei released a 6,500-word internal report on its employee platform, “Xinsheng Community,” detailing a large-scale recruitment fraud scandal involving 72 full-time employees and 19 outsourced workers. Some participants allegedly profited by selling internal company data. The report quickly gained traction within Huawei and on social media, becoming the platform’s top trending topic.