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From 2026 to 2029, it can be seen as “AI Wave 1”, where AI servers, infrastructure and system integration are expected to grow very fast. After 2030, “AI Wave 2” is likely to focus more on improving efficiency. This is where SiC and GaN power solutions could become even more important, putting MPI in a good position to benefit from its strong experience and expertise in wide-bandgap technologies
Their financial performance has also been encouraging. Revenue grew from about RM113 million in FY2022 to RM158 million in FY2025, while profit and shareholders' equity have continued to improve. The funds raised will mainly go towards working capital, reducing borrowings, and supporting new production facilities
