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Looking ahead, we anticipate Q1 FY2025 sales to align closely with Q4 FY2024 levels. With the introduction of new projects in the automotive and EMS segments, we are optimistic about achieving sustainable growth, targeting a robust 20% to 25% revenue increase for FY2025 compared to the current financial year.
NVEU status, which allows them to purchase computational power equivalent to 320,000 advanced GPUs over the next two years.
The surprise policy decision in the US prompted analysts to caution on industry prospects, which in turn triggered some profit-taking in global chip players, that spilled over to Malaysian-listed proxies of the AI and data-centre segments.
According to news reports, Malaysia has been classified as a Tier 2 country by the US, and permitted to import only 50,000 graphics processing units (GPUs) over two years, with data-centre operators restricted to deploying a maximum of 7% of their computing capacity in any single Tier 2 nation.
However, companies that meet US security requirements and headquartered in countries like Malaysia can apply for “National Verified End User”, or NVEU status, which allows them to purchase computational
