Penang to Host SEMICON Southeast Asia 2022
Dec 15 – SEMI’s annual semiconductor trade show and conference—SEMICON Southeast Asia 2022—will take place in Setia SPICE Arena & Convention Centre in Penang, Malaysia from June 21 to 23. Themed Forward as One—Building A Resilient and Sustainable Electronics Supply Chain in Southeast Asia, SEMICON SEA 2022 will shine a spotlight on the supply chain disruptions […]
[Press Statement] 2022: The year of cautious recovery for Penang
PRESS STATEMENT BY DATO’ SERI LEE KAH CHOON 24 DECEMBER 2021 GEORGE TOWN, PENANG 2022: The year of cautious recovery for Penang If one’s business is still intact, 2022 will be the year of cautious recovery. Opportunities: As the world economy continues to open up, there is high expectation that the worst may be over. […]
[VAT Media Release] Expanding Production Capacity in Penang, Malaysia
Dec 17 – VAT, the global leader in high-vacuum technology for the semiconductor, digital display and other high-precision industries, today announced its biggest-ever capital investment program to strengthen the foundation for sustainable future growth. As part of its annual strategic review and in expectation of continued sustainable growth, VAT intends to invest approximately CHF 160 […]
[Press Release] Intel Starts Construction of New Production Facility at Bayan Lepas FTZ 3, Penang, as Part of its US$7 Billion Expansion Project
PRESS RELEASE Embargo until 17 Dec 2021, 10:05 MYT Penang, Dec 17, 2021 – Intel Corporation’s (Intel) groundbreaking ceremony today marks the construction of its new production facility at Free Trade Zone Phase 3, Bayan Lepas Industrial Park, Penang as part of its US$7 billion (RM30 billion) expansion project. The ceremony is officiated by the […]
Monograph on Award-winning Malaysian ‘Factory in the Forest’ Launched
Dec 9 – Taxi or e-hailing drivers sometimes wonder if they have arrived at the wrong location when they reach the Paramit Malaysia factory at Penang Science Park, an industrial area on the island. That’s because unlike the typical staid facades of manufacturing plants, Paramit’s modern design – flush with greenery – has had some […]
Penang Taps into the Potential of Global Business Services
Dec 8 – The Penang Development Corporation (PDC) is planning to set up two more Global Business Services (GBS) buildings in the state to meet the growing needs of the GBS market. One of them will be located near the existing GBS@Mayang, while the other will be situated in the Bayan Lepas industrial area. Chief Minister Chow […]
MMS Ventures Switches Strategy to Boost Machine Sales Volume
Dec 8 – Many companies — such as tech giant Apple and Tesla Motors — have successfully used the blue ocean strategy to create new markets for their products. While it helps companies stand out and improve profitability, it is not without challenges. According to MMS Ventures Bhd (MMSV) co-founder and CEO Sia Teik Keat, […]
My Penang, My Workplace – Onwards & Upwards: Explore New Careers in Penang #4
The fourth webinar series of the Onwards & Upwards: Explore New Careers in Penang, organized by InvestPenang via Penang CAT Centre took place on November 13th, 2021, 10:30am-12:00pm via ZOOM. The webinar is aimed at attracting an influx of talents from across Malaysia and making Penang the Northern growth region in the country. In this forth […]
[Press Release] Penang welcomes JHM and QES for the establishment their new manufacturing presence with combined investment of RM190m
PRESS RELEASE Embargo until 4 Dec 2021, 9:00 MYT Penang welcomes JHM and QES for the establishment their new manufacturing presence with combined investment of RM190m Penang, Dec 4, 2021 – Batu Kawan Industrial Park (BKIP) in Penang has clocked in investment projects from two Malaysian companies, namely JHM Consolidation Berhad (JHM) and QES Group […]
Penang Celebrates the 50th Anniversary of its Industrialization Journey in 2022
For Immediate Release PRESS RELEASE Making quantum leaps forward since 1972 with its robust industrial ecosystem, imbued with advanced technology and future-proof offerings. Penang, November 20, 2021 – The Right Honourable Mr. Chow Kon Yeow, Chief Minister of Penang announced that Penang will be stepping into the 50th anniversary of its industrialization journey in 2022 […]
Cover Story: Why Companies are Flocking to Batu Kawan Industrial Park
Nov 18 – In 2011, Boon Siew Honda Sdn Bhd became the first company to set up operations at Batu Kawan Industrial Park (BKIP) in Penang. The company, a joint venture (JV) between Japanese automotive giant Honda Motor Co Ltd and diversified conglomerate Oriental Holdings Bhd, relocated to its new cutting-edge factory about two years later. […]
Cover Story: Creating the Silicon Valley of the East 2.0
Nov 18 – Penang is often dubbed the Silicon Valley of the East, owing to its strong and vibrant electrical and electronics (E&E) ecosystem, which has evolved from being labour-intensive and low value-added to capital-intensive, knowledge-based and high-technology. It began in the 1970s when The Eight Samurai — Intel, Robert Bosch, Clarion, Advanced Micro Devices […]
Construction of NI’s New Supply Chain Distribution Hub to be Completed by Q2 2022
Nov 13 – Chief Minister Chow Kon Yeow officially launched the commencement ceremony of the construction of NI Malaysia Sdn Bhd’s new supply chain distribution hub next to its existing factory in Bayan Lepas today, after it was delayed twice due to the Covid-19 pandemic. Formerly known as National Instruments, NI had announced back in November […]
ASEAN BAC Malaysia Consultation Meeting: Penang Eyes ASEAN Partnerships to Become a Green and Smart State by 2030
Nov 8 – The ASEAN Business Advisory Council (ASEAN-BAC) Malaysia held a consultation meeting with the Penang state government and state agencies on 8 November 2021 to discuss the state’s efforts in attracting foreign direct investment, how it sees itself within the context of the larger ASEAN region, and its vision for the future of […]
Inari Amertron Hedging its Bets in China
Nov 8 – It is an open secret that Inari Amertron Bhd, the country’s largest outsourced semiconductor assembly and test (OSAT) player, has been heavily reliant on US chip giant Broadcom as its major customer. Research analysts and industry watchers have, over the years, pointed to the high single customer concentration risk. The optimists, however, counter […]
Penang’s Vibrant Machinery & Equipment Segment Garners RM520 Million Investment Boosts from Homegrown Companies
Penang, Nov 5, 2021 – Three large local companies (LLCs), namely, Greatech Technology Berhad (Greatech), Pentamaster Corporation Berhad (Pentamaster) and UWC Berhad (UWC) are expanding their respective footprints in Penang. The three renowned companies in the equipment manufacturing supply chain are collectively taking up 35 acres in Batu Kawan Industrial Park, Penang, and will invest […]
PIE Industrial Set to Hit RM1b Revenue This Year, Eyes More Medium to High-volume Jobs
Nov 2 – Electronic manufacturing services (EMS) company PIE Industrial Bhd is on track to hit a new milestone of RM1 billion in revenue this year, supported by strong contract flows, including those from customers of Foxconn Technology Group. “RM1 billion is an important milestone for us. Once hit, it will be much easier to […]
Laggard Elsoft Awaits its Moment to Shine
Main Market-listed Elsoft Research Bhd has been a laggard among Bursa Malaysia-listed automated test equipment (ATE) manufacturers, both in terms of share price gains and financial performance. Over the past five years, Elsoft’s share price has risen only 58%, whereas its bigger peers Pentamaster Corp Bhd and ViTrox Corp Bhd have seen gains of 18 […]
Keysight to Install Rooftop Solar Array in Penang, Malaysia
Oct 26 – Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, announced the installation of a rooftop solar array at the company’s largest site, located in Penang, Malaysia, with completion estimated for Spring 2022. Keysight is committed […]
Cover Story: SkyeChip Reaches for the Stars
Nearly 10 years ago, S K Fong, who was then the senior vice-president of research and development at Altera, spoke about the need for Malaysian companies in the electrical and electronics (E&E) sector to move up the value chain. He said it was time to graduate from back-end semiconductor services (such as test and assembly) […]
InvestPenang Inks MoU with HSBC Malaysia to Attract High Quality Investments
Penang, Oct 26, 2021 – InvestPenang and HSBC Bank Malaysia Berhad (HSBC) have signed their first Memorandum of Understanding (MoU), that focuses on bringing high quality foreign direct investments into Penang and Malaysia, tapping into each party’s comparative advantage as leverage. With its strategic location in the ASEAN region and significant integration in the global […]
Tech: Penang Automation Cluster Aims to Build Local Supply Chain and Elevate SME Capabilities
Building automated equipment systems is akin to the assembly and production of vehicles. Visitors to automotive manufacturing plants would have observed that they usually operate in industrial clusters — the better to attract customers, precision engineering firms and material suppliers. Likewise for technology equipment manufacturers and automation houses, as they would require high-precision metal fabrication […]
Hotayi BK2 A Timely Expansion Project to Celebrate Firm’s 30th Anniversary Next Year
Oct 16 – Another milestone is on the way for Hotayi Electronic (M) Sdn Bhd as they celebrated the groundbreaking ceremony of a new plant called ‘Hotayi BK2’ in Batu Kawan today. Founded in 1992, the company is hopeful of celebrating not one but two achievements next year, which is its three decades of existence […]
PCB Manufacturing Remains GUH Holdings’ Bread and Butter
Main Market-listed GUH Holdings Bhd may be more diversified these days, but its bread and butter is still substantially printed circuit board (PCB) manufacturing. GUH has businesses in property development, water and wastewater solutions, plantations, education and electrical appliances, and recently ventured into Taiwan’s solar power industry with Leader Energy Group through a joint-venture vehicle. […]
Greatech Set to Raise Capacity with New Plant
Oct 14 – Greatech Technology Bhd’s RM51mil new plant on a seven-acre site in Batu Kawan is scheduled for occupancy by next May. Group chairperson Ooi Hooi Kiang (pic) said the 265,000 sq ft modern production and office building would accelerate the timeline for customer delivery, supporting sustainable growth for the future. “The building is scheduled […]
Penang State Government Lauds Western Digital Batu Kawan for Its Prestigious Lighthouse Network Award by the World Economic Forum
Penang State Government Lauds Western Digital Batu Kawan for Its Prestigious Lighthouse Network Award by the World Economic Forum Sets the Benchmark for IR4.0 for Manufacturing Peers in Penang & Country Batu Kawan, Penang, 8 October 2021 – With nearly half a century of industrial experience, Penang has successfully cultivated a strong industrial ecosystem and […]