Penang has pledged US$1 million (RM3.9 million) in seed capital for the state to meet its potential as a hardware hub for tech start-ups throughout the region.
Penang Chief Minister Lim Guan Eng said as a world-class hub to numerous international and domestic investments as well as excellent infrastructure and good governance, there will be more stimulus for new investments and reinvestment in the state.
The small Malaysian state of Penang is punching well above its weight in the tech world through hardware manufacturing. Similar to the way Silicon Valley developed, local engineers from big tech manufacturers are leaving to strike out on their own, creating a growing ecosystem. So could Penang be Asia's next Silicon Valley?
MULTINATIONAL corporation Jabil Inc has secured its place as a tenant of the Global Business Centre (GBC) in Penang at GBS@Mayang in Bayan Baru. As a major tenant of the building, Jabil will occupy two floors covering over 72,700 sq ft, which will allow the company a future head count expansion of 1,000 executives.
EMS provider Jabil says it's expanding and relocating its Global Business Centre (GBC) in Penang, Malaysia. The company will relocate from Penang’s Bayan Lepas Industrial Park to GBS@Mayang in order to accommodate future growth and capabilities improvement plans
DEPUTY Chief Minister I Datuk Mohd Rashid Hasnon attended the 30th anniversary celebration of BBS Automation on Jan 11. The event marked the continued confidence of BBS, with its headquarters in Germany, towards Penang as an intelligent, international and liveable city.
Penang is expecting to top the manufacturing sector in the country with over RM10 billion in approved investments for the whole of 2017.