September 24, 2003 – Malaysian semiconductor sales will rise 15% for the second consecutive year, according to the Malaysian American Electronics Industry (MAEI), a group which includes 19 facilities owned by foreign-owned semiconductor firms, including Intel, Motorola, and Infineon.

Sales in 2Q rose to $3.9 billion, a 30% gain from a year earlier. Capex, expected to follow the current downward global trend, is projected to $368 million in 2003, down from $421 million in 2002 and $605 million in 2001.

Analysts say most firms have excess capacity and are trying to boost plant utilization, which is projected to be at 70.3% (up from 65% in 2002).