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 […]