KUALA LUMPUR, April 23 — One of the major highlights from the KL20 Summit yesterday was Datuk Pua Khein Seng of Taiwan-based Phison Electronics Corp

Homecoming of ‘father of USB drives’: Featured at KL20 Summit, who is KS Pua and his company Phison?

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2024-04-23 13:00:11

KUALA LUMPUR, April 23 — One of the major highlights from the KL20 Summit yesterday was Datuk Pua Khein Seng of Taiwan-based Phison Electronics Corporation’s announcement of a new venture based in Selangor, called Malaysia AI Storage (MaiStorage).

According to Pua, the startup aiming to push Malaysia towards the generative artificial intelligence (AI) era would be backed by his company, with the deal including a technology transfer worth over RM1 billion and bringing home 200 experienced engineers — in what has been described as a “reverse brain drain” for the country.

Technology news site SoyaCincau reported that MaiStorage would be offering new designers wages starting from RM6,000, and targeting to launch its initial public offering (IPO) in the next few years.

Phison was also announced as one of the four partners in Selangor Information Technology and Digital Economy Corporation’s (Sidec) Malaysia Semiconductor Accelerator and Integrated Circuit (IC) Design Park, which was touted by Prime Minister Datuk Seri Anwar Ibrahim as South-east Asia’s biggest.