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VCI Global Limited
Global Business News
VCI Global Unveils DeepAI via V Gallant: Enterprise-Grade AI Without the Heavy Price Tag or Technical Bottlenecks

DeepAI Makes Advanced AI Adoption Plug-and-Play for Businesses of All Sizes — Instantly Scalable, Zero Friction KUALA LUMPUR, Malaysia, March 27, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), through its subsidiary, V Gallant Sdn Bhd (“V Gallant”), today announced the official launch of DeepAI, a plug-and-play AI infrastructure platform designed to accelerate enterprise adoption of large language models (LLMs). V Gallant, the technology arm of VCI Global, is a leading provider of AI infrastructure and cybersecurity solutions. Its latest innovation, DeepAI, offers graphics processing unit (GPU) optimized services with pre-installed distillation, fine-tuning, and inference capabilities. Built on an AI-as-a-service model, DeepAI eliminates the need for capital expenditure and an internal AI engineering team, providing a fully managed and supported solution. With a strong focus on data sovereignty and security, DeepAI enables businesses to deploy their AI models on-premises, through hosted solutions, or within intranet-only environments. It supports custom AI applications tailored to enterprise workflows, industry-specific needs, and natural language interfaces. To meet diverse business needs, DeepAI is available in multiple product tiers: DeepAI SME: A lightweight and cost-effective AI stack designed for small to medium-sized enterprises. DeepAI Enterprise: A scalable infrastructure solution offering full support for mid-to-large corporations requiring high-performance AI capabilities. DeepAI Institution: A high-security deployment suited for governments, universities, and research entities. According to Precedence Research, the global AI infrastructure market is projected to reach US$60.23 billion by 2025, with a 26.60% compound annual growth rate (CAGR) from 2025 to 2034. The on-premises segment holds a significant share of this market. Unlike cloud-based solutions, on-premises AI infrastructure consists of hardware and software deployed within a company’s physical facilities, offering greater control over data security and regulatory compliance while reducing long-term costs — particularly for organizations with stable or predictable workloads. By leveraging DeepAI, businesses can significantly reduce AI adoption costs while eliminating the need for expensive third-party AI services. On-premises processing ensures faster performance without the latency of cloud-based solutions. DeepAI also delivers scalable, industry-specific AI solutions across sectors such as finance, healthcare, marketing, and logistics, optimizing operations with tailored AI capabilities. Additionally, by keeping sensitive data in-house, enterprises enhance security and compliance, minimizing exposure to third-party risks while adhering to strict regulatory standards. Designed for long-term growth, DeepAI’s infrastructure supports future scalability, enabling businesses to expand and evolve AI capabilities without frequent infrastructure overhauls. “The launch of DeepAI strengthens our commitment to driving AI transformation across Southeast Asia by providing infrastructure that aligns with regional needs around sovereign AI, data protection, and operational automation. We are scaling a full-stack AI infrastructure ecosystem, with DeepAI at its core. It sets a new standard for enterprise AI deployment — fast, secure, scalable, and designed for real-world impact,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About V Gallant Sdn Bhd V Gallant, a subsidiary of VCI Global Limited (NASDAQ: VCIG), is a leading provider of AI infrastructure and cybersecurity solutions, delivering advanced technologies that drive both innovation and security. The company supplies high-performance Graphics Processing Unit (GPU) hardware and software platforms for training Large Language Models (LLMs), developing AI agents, and advancing machine learning and data analytics. Additionally, V Gallant offers comprehensive cybersecurity services to safeguard organizations against evolving threats, ensuring data integrity and operational resilience in an increasingly digital world. For more information, please visit https://vgallant.ai/. About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to https://v-capital.co/.  Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@v-capital.co

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The Vault
Global Business News
VCI Global Disrupts Cybersecurity Market With ‘V Gallant CyberSecure’ – AI-Powered Defense and Military-Grade Encryption Chips

Enterprise-Grade Protection Against Ransomware, Malware, and Cyber Threats with Fully Encrypted, Automated System Backups KUALA LUMPUR, Malaysia, March 20, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), has officially launched V Gallant CyberSecure through its subsidiary, V Gallant Sdn Bhd (“V-Gallant”). This AI-powered, military-grade cybersecurity and encrypted backup solution is designed to fully secure enterprise systems from ransomware, malware, and advanced cyber threats. V Gallant CyberSecure provides a comprehensive cybersecurity solution that integrates AI-driven threat detection with a fully automated, encrypted data protection solution. Unlike traditional security tools, this dual-layer approach safeguards businesses against ransomware, system failures, and cyber breaches. The system continuously monitors for threats, detecting and neutralizing ransomware, trojans, and zero-day attacks in real-time without requiring human intervention. At the core of this solution is The Vault, an encrypted backup designed to safeguard critical data. This dedicated vault operates within the company’s infrastructure, requiring authentication keys for access—even internal IT teams cannot retrieve data without authorization. With zero-visibility encryption, sensitive information remains secure from external and insider threats. Additionally, the system offers instant rollback capabilities, allowing businesses to restore operations immediately following an attack or system failure. A key component of V Gallant CyberSecure’s architecture is its use of AI-accelerated encryption chips, developed in collaboration with leading technology partners. These encryption chips will enhance cybersecurity performance by: Accelerating encryption and decryption speeds, ensuring seamless, real-time data protection. Enhancing AI-driven threat detection, allowing proactive identification and mitigation of cyber threats. Reducing computational overhead, enabling large-scale data encryption without impacting system performance. According to Grand View Research, the global cybersecurity market is projected to grow at a compound annual rate of 12.9% from 2025 to 2030, driven by increasing institutional and enterprise demand. This trend presents a significant opportunity for V Gallant CyberSecure, which operates on a recurring revenue model through annual subscription fees. This approach ensures predictable, scalable growth while positioning VCI Global for sustained, high-margin revenue in the expanding cybersecurity sector. “Cybersecurity threats are evolving faster than ever, and companies need a next-generation solution that not only prevents attacks but also ensures complete system recoverability without data compromise. Most cybersecurity solutions focus solely on prevention but fail to guarantee data recovery. Our solution is the only one that does both—protecting businesses while ensuring that, even in the event of a breach, data remains fully encrypted and instantly recoverable,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About V Gallant Sdn Bhd V Gallant, a subsidiary of VCI Global Limited (NASDAQ: VCIG), is a leading provider of AI infrastructure and cybersecurity solutions, delivering advanced technologies that drive both innovation and security. The company supplies high-performance Graphics Processing Unit (GPU) hardware and software platforms for training Large Language Models (LLMs), developing AI agents, and advancing machine learning and data analytics. Additionally, V Gallant offers comprehensive cybersecurity services to safeguard organizations against evolving threats, ensuring data integrity and operational resilience in an increasingly digital world. For more information, please visit https://vgallant.ai/  About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to https://v-capital.co/.  Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@v-capital.co A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c71f0c7-52fe-4075-ab75-4f7046702639

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VCI Global Limited
Global Business News
VCI Global Signs Definitive Agreement to Acquire Lux-Motion, Expanding Into US$350 Billion Automotive E-Commerce Market

Strategic Move Positions VCI Global’s Fintech Division Among Tech Unicorns like Carsome and SoftBank-Backed Carro KUALA LUMPUR, Malaysia, March 17, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a leading AI infrastructure provider, has signed a definitive agreement, valued at approximately US$1.8 million, to acquire Datanex Asia Sdn Bhd (“Lux-Motion”), a high-growth Malaysian luxury supercar e-commerce platform. The acquisition marked a significant expansion into AI-driven automotive financing and blockchain-powered digital lending, further solidifying VCI Global’s leadership innovation within the luxury auto sector. As an AI-powered luxury supercar e-commerce platform, Lux-Motion is transforming high-end automotive services through advanced digital innovation. At the core of its technology, the LuxScore system leverages comprehensive data sources to provide accurate financial assessments and personalized luxury supercar recommendations. By integrating AI-driven risk evaluation with blockchain-backed transaction security, Lux-Motion ensures a seamless, intelligent marketplace that delivers highly tailored, efficient, and secure transactions for buyers and sellers. Lux-Motion’s platform offers: AI-Powered Instant Financing: Automated loan approvals and same-day disbursements. Lease-to-Own & Flexible Payment Options: Expands financing accessibility for luxury car buyers. Blockchain-Based Digital Ownership: Ensures secure, tokenized asset tracking for vehicle transactions. AI-Powered Vehicle Matching: Proprietary LuxScore algorithm optimizes financing and pricing options. By integrating AI-powered risk assessment and blockchain-backed transaction security, Lux-Motion strengthens VCI Global’s presence in the rapidly expanding digital automotive marketplace. With the global automotive e-commerce market projected to reach approximately US$343.13 billion by 2032 at a compound annual growth rate (CAGR) of 16.6%, VCI Global is well-positioned to capitalize on this growth by transforming high-value vehicle financing. The acquisition of Lux-Motion not only accelerates VCI Global’s expansion into AI-driven digital lending but also enhances its potential for strategic mergers, acquisitions, and partnerships. By leveraging Lux-Motion’s AI-powered financing model, VCI Global reinforces its leadership in high-value automotive transactions, unlocking new revenue streams and increasing market valuation in the evolving digital lending landscape. “Luxury car buyers expect efficiency, trust, and seamless financing. This acquisition is a strategic milestone that strengthens our position in AI-powered asset financing while laying the foundation for future expansion into high-value digital lending, enabling VCI Global to compete with major digital automotive platforms. By integrating AI-driven risk assessment, fintech-backed lending, and blockchain-powered ownership, we are building a scalable ecosystem that streamlines luxury car transactions—enhancing the customer experience, unlocking new revenue streams, increasing market valuation, and driving long-term value for our investors,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About Datanex Asia Sdn Bhd (Lux-Motion) Lux-Motion is Malaysia’s AI-powered luxury supercar e-commerce platform, transforming high-end automotive services through advanced digital innovation. The company provides a seamless, technology-driven approach to luxury car ownership, offering buyer-centric solutions and premium chartered car services tailored to the needs of high-net-worth clients. Its proprietary LuxScore system enhances transaction efficiency by providing data-driven financial assessments and personalized vehicle recommendations, ensuring a superior purchasing experience. For more information, please visit https://lux-motion.com/.  About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to https://v-capital.co/.  Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@v-capital.co

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VCI Global Limited
Global Business News
VCI Global Launches Enterprise AI Solutions Built on DeepSeek’s Open-Source LLMS

AI Integrated Server (Available March 27) and Cloud AI Platform (Launching April 18) Eliminate GPU Costs and Lower AI Adoption Barriers KUALA LUMPUR, Malaysia, March 10, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”), a leading innovator in AI-driven enterprise solutions, announces its upcoming AI Integrated Server and AI Cloud Platform, designed to simplify AI adoption for businesses. By integrating DeepSeek’s lightweight, open-source large language models (LLMs), these solutions enable organizations to implement advanced AI without the need for costly graphics processing units (GPUs), complex model development, or specialized expertise. The platforms offer pre-integrated models for applications such as customer service, data analytics, and content generation, with built-in security and compliance features. Designed for organizations with or without dedicated AI teams, the solutions provide an intuitive Application Programming Interface (API) gateway, drag-and-drop workflows, and continuous support. Businesses can choose the AI Integrated Server, available March 27, for secure on-premises deployments in industries like healthcare and legal, or opt for the AI Cloud Platform, launching April 18, for flexible, on-demand access to AI capabilities. The demand for accessible and cost-effective AI solutions is accelerating market growth. According to Markets and Markets, the global cloud AI market is projected to reach approximately US$327.15 billion by 2029, with a compound annual growth rate (CAGR) of 32.4% from 2024 to 2029. Meanwhile, the AI server market size is expected to grow from US$39.23 billion in 2025 to approximately US$352.28 billion by 2034. This rapid growth highlights the increasing need for scalable AI infrastructure. By integrating advanced large language models (LLMs) with simplified deployment options, VCI Global’s solutions empower enterprises to adopt AI seamlessly. Organizations can enhance operations, streamline workflows, and reduce infrastructure costs — all without the complexity of traditional AI systems. “We have cracked the code for enterprise AI adoption by harnessing state-of-the-art open-source models and optimizing them for seamless deployment. With the launch of our AI Integrated Server and Cloud AI Platform, we are eliminating the biggest obstacle to enterprise AI adoption — high costs and technical complexity. Our goal is to make AI more accessible, secure, and scalable, so organizations can focus on driving innovation and growth,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to https://v-capital.co/.  Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@v-capital.co

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VCI Global Limited
Global Business News
VCI Global Completes Sagtec Global Limited’s Nasdaq IPO, Earning US$5.7 Million in Advisory Revenue

Sagtec Global Limited’s IPO Marks V Capital Consultancy Group’s Third Successful Nasdaq Listing Within a Year KUALA LUMPUR, Malaysia, March 07, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”) is pleased to announce the successful initial public offering (IPO) of its client, Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec”), facilitated through its capital market advisory arm, V Capital Consultancy Group Limited (“VCCG”, or the “Company”). Leveraging its expertise, VCCG guided Sagtec through the entire IPO process, resulting in its trading debut on March 7, 2025. The IPO raised US$7 million, resulting in a post-listing valuation of over US$50 million for Sagtec. As Sagtec’s IPO consultant, VCCG provided strategic guidance and collaborated with key professionals throughout the listing process. The IPO generated approximately US$5.7 million in revenue for the Company, highlighting VCCG’s growing presence in the IPO advisory space and its commitment to bringing more Southeast Asian companies to Nasdaq. Notably, this marks the third IPO successfully completed by VCCG within a year. Sagtec is a leading provider of customizable software solutions, primarily serving the Food and Beverage (F&B) sector. It also offers software development, data management and social media management to enhance its clients’ operational efficiency across various industries, including Key Opinion Leaders (KOLs). Through its subsidiary, CL Technology (International) Sdn Bhd, Sagtec operates power banks charging stations at 300 locations across Malaysia. As of today, Sagtec’s flagship product, Speed+, has surpassed 10,000 subscribers, reflecting approximately 47% growth in subscriptions. In 2024, Sagtec’s total unaudited revenue reached approximately US$11.63 million, representing an 82.29% increase from the previous year. “Listing on Nasdaq marks a pivotal milestone for Sagtec, showcasing our unwavering commitment to delivering cost-effective solutions to the industry. This IPO provides us with resources to scale our operations and expand into new markets. We are profoundly grateful to VCCG for their resolute support and strategic guidance throughout this journey,” said Kevin Ng, Chairman, Executive Director and Chief Executive Officer of Sagtec. “Sagtec’s IPO is more than just a significant breakthrough - it’s a testament to what can be achieved with the right strategy and partnership. At VCI Global, we are dedicated to helping more companies turn their ambitions into reality, leveraging our capital market expertise to create even more success stories on Nasdaq and beyond,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.About Sagtec Global Limited Sagtec specializes in customizable software solutions for the Food & Beverage (F&B) sector, offering table ordering, QR ordering, and self-service kiosk applications to enhance operational efficiency. The company also provides software development, CRM, invoicing, data management, and social media management for various industries, including Key Opinion Leaders (KOLs). Through its majority-owned subsidiary, CL Technologies, Sagtec operates power-bank charging stations at 300 locations across Malaysia. Its flagship product, Speed+, a smart ordering system on leased POS machines, streamlines order management and surpassed 6,800 subscribers in 2024, reflecting its growing market adoption. For more information, please visit https://www.sagtec-global.com/. About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to https://v-capital.co/.  Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITED enquiries@v-capital.co

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VCI Global Limited
Global Business News
VCI Global and Kinesis Manufacturing Solutions Announce India’s First Semiconductor Wire Plant to Supply Industry Giants in a Rapidly Expanding US$105 Billion Market

Strategic Venture Poised to Meet Surging Demand and Support India’s Self-Sufficiency in Semiconductor Manufacturing KUALA LUMPUR, Malaysia, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Accelerating India’s semiconductor transformation and solidifying its position in the industry’s supply chain, VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) is establishing India’s first semiconductor wire manufacturing plant in partnership with Kinesis Manufacturing Solutions Sdn Bhd (“Kinesis”). This strategic initiative aligns with and supports the Indian government’s effort to build a self-sustained semiconductor ecosystem. The VCI Global-Kinesis plant will focus on producing semiconductor bonding wires, a crucial component in chip manufacturing. The 25,000-square-foot facility will be located in Chennai, with an initial investment of US$3.5 million. Operations are set to begin in the third quarter of 2025 with a single production line. By reaching mass production within the same quarter, the plant is projected to generate up to US$50 million, resulting in a return on investment (ROI) within 12 months. There are plans to expand to four production lines in the near future, aiming for an annual revenue of approximately US$200 million. As India advances its goal of becoming a global semiconductor powerhouse and aligns its strategies with the Smart Cities Mission, the development of large-scale fabrication and packaging facilities is driving a surge in demand for semiconductor materials. This rising demand is reflected in market projections, with IMARC estimating that India’s semiconductor materials market will reach US$8.1 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.22% from 2025 to 2033. This growth is further fueled by foreign direct investment (FDI) and government incentives promoting supply chain localization. In response, VCI Global and Kinesis are strategically positioned to establish India’s first semiconductor wire plant, reducing reliance on imports and strengthening the supply chain for critical infrastructure. Prominent Semiconductor Expansions in India: Lam Research Corporation: Investing approximately US$1.2 billion to establish a manufacturing facility in Karnataka, located in the southwestern region of India. Micron Technology Inc: Establishing a semiconductor assembly and test facility in Sanand, Gujarat, with an investment of US$2.75 billion. Crompton Greaves Limited: Collaborating with Renesas Electronics America Inc. and Star Microelectronics (Thailand) Public Co Ltd to set up an outsourced semiconductor assembly and test (OSAT) unit, with a total investment of approximately US$877 million. Powerchip Semiconductor Manufacturing Corporation: Partnership with Tata Electronic Private Limited to establish a semiconductor fabrication facility in Dholera Special Investment Region (SIR). This project is valued at approximately USD11 billion, with production slated to commence by 2026. This joint venture will be majority-owned by VCI Global, with a 51% stake, while Kinesis will hold the remaining 49% stake. The venture will be led by Mr. Loh Beng Siew, a key member of the Kinesis team, who previously established Ultra Clean Technology’s first factory in Malaysia and led AllianceCorp Manufacturing Sdn Bhd to become Malaysia’s first manufacturer of weldments for front-end semiconductor equipment. Backed by the Kinesis team’s exceptional track record in greenfield and brownfield semiconductor manufacturing projects, the leadership is well-positioned to drive the initiative’s success. “With this strategic venture, VCI Global aims to become a leading supplier in India, providing a critical component for semiconductor packaging and chip manufacturing. Establishing the country’s first semiconductor wire plant secures a high-margin revenue stream and aligns us with the world’s top semiconductor players. As the Indian government drives domestic semiconductor manufacturing and major players expand into the region, we are seizing a rare opportunity to lead a vital niche in the global supply chain,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to https://v-capital.co/.  About Kinesis Manufacturing Solutions Sdn Bhd Kinesis specializes in precision manufacturing and semiconductor fabrication support, with proven track record of building and optimizing semiconductor factories and supply chains. Leveraging deep industry expertise and strong execution capabilities, Kinesis is a trusted player for delivering high-quality, scalable solutions that drive innovation and efficiency in semiconductor production. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@v-capital.co

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VCI Global Announces Development of Groundbreaking AI Aggregator Platform Integrating DeepSeek, ChatGPT, and Leading AI Agents
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VCI Global Acquires Cutting-Edge NVIDIA H200 AI Chips Via Supermicro to Supercharge AI Cloud Business
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VCI Global Moves to Acquire Award-Winning Digital Marketing Firm in Singapore
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VCI Global Secures Exclusive Distributorship for Military-Grade AI-Powered Cybersecurity Solution in the US$280 Billion Global Market
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VCI Global Announces IPO for Wholly Owned Consulting Arm, Unlocking New Growth Opportunities
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VCI Global Expands AI Portfolio with Strategic Investment in Innovative AI Agents Startup - Marvis
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VCI Global Embarks on a Strategic Series of Renewable Energy Asset Acquisitions, Starting with a North Macedonia Solar Farm
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VCI Global Targets US$200 Million Revenue with 100 MW of Solar Photovoltaic Projects in Southeast Asia and Europe
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VCI Global Announces 1-for-49 Reverse Stock Split
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VCI Global Announces 1-for-49 Reverse Stock Split
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VCI Global Wins Its First AI Contract Worth US$16 Million
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VCI Global Completes Founder Group Limited’s IPO on Nasdaq, Records US$5.2 Million in Revenue
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VCI Global Unleashes Enterprise AI Solutions with V-Gallant, Leveraging NVIDIA’s Computing Infrastructure
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VCI Global Provides Updates on Its AI Business, Capital Raising, and Share Repurchase Program
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VCI Global Secures Approximately US$18 Million Contract for IPO Deals
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VCI Global CEO Increases Shareholding by 15.27%, Expresses Strong Confidence in Company’s Growth
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VCI Global Announces 44% Revenue Growth in Its Financial Results for the Six Months Ended June 30, 2024; Announces US$10 Million Share Repurchase Program Over 2 Years
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VCI Global Enters Into AI Computing Alliance (AICA) Led by Enlight Corporation and Supermicro
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2025 年 4 月 8 日 (星期二) 農曆三月十一日
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