[Press Release] Year 2023: Seize Opportunities Towards the Next Leap
Year 2023: Seize opportunities towards the next leap 2022 is an action-packed year for Penang. Celebrating the 50th anniversary of Penang’s industrialisation this year, the stellar performance garnered in the past has greatly attested the robustness and remarkable resilience the state possesses. Not resting on our laurels, the state will continue to uphold our competitive edges, […]
Tech: Micron Looks Past Semiconductor Downturn for Opportunities, Ramps Up Investment in Penang
December 15, 2022 – THE tech rout that began in the beginning of the year, as the flip from chip shortage to glut intensified, has shaved 40% off the share price of US-based memory chip giant Micron Technology Inc year to date. One of the world’s largest semiconductor vendors, the Nasdaq-listed company, which has a […]
Lam Research Embraces Solar Power System to Reduce CO2 Emissions
December 15, 2022 – THE Lam Research International Sdn Bhd, a global supplier of wafer fabrication equipment and services to the semiconductor industry, has launched its solar power system today at its manufacturing plant in Batu Kawan. The solar energy project was undertaken by Lam to further propel its initiative concerning sustainability in the semiconductor […]
QES Group Doubles Down on Investment in Manufacturing Capacity
December 13, 2022 – UNFAZED by a slowdown in global semiconductor demand that could continue into next year amid the risk of a recession, QES Group Bhd is doubling down on its investment and commitment to expand its manufacturing capacity. The ACE Market-listed company, which distributes and manufactures automated test equipment (ATE), has earmarked between […]
[Press Release] SIMMTECH to Fast Track USD50-Million Expansion of Subsidiary’s Production Line in Penang to 2023
December 13, 2022 – SUSTIO Sdn. Bhd., a Malaysia-based subsidiary of the semiconductor packaging substrate and HDI Printed Circuit Board (PCB) global leading manufacturer, SIMMTECH, is set to expand its production line in Penang. The second phase of investment, valued at USD50 million, is expected to be completed by the first quarter of 2023. The […]
US-based Manufacturer Lanco Opens New Facility at Batu Kawan Industrial Park
December 8, 2022 – LEADING manufacturer of equipment for production automation, Lanco Integrated, has officially opened its much-anticipated, high-technology manufacturing facility at Batu Kawan Industrial Park (BKIP) today. Lanco Integrated vice-president (sales and marketing) Barry Rahimian said the new manufacturing facility will focus on constructing, designing and building a customised engineered turnkey automated assembly system. […]
Mattel Malaysia Celebrates Its 40th Anniversary And Announces Plant Expansion To Be Completed In January 2023
December 6, 2022 – Mattel Malaysia Sdn. Bhd. (MMSB) commemorated its 40th anniversary in Malaysia today with the announcement of a plant expansion, expected to be completed in January 2023. Located in Penang, Malaysia, MMSB is the world’s largest Hot Wheels manufacturing plant, with a current average output capacity of approximately 9.0M cars per week. […]
Micron Technology To Invest RM4.4bil On 2nd Factory In Penang
December 2, 2022 – Buoyed by strong market demand, US-based Micron Technology Inc will invest another US$1 billion (RM4.4 billion) to build a second factory in Penang. CEO Sanjay Mehrotra said the computer memory and computer data storage producer has invested US$1 billion in its operations here since 2019, which included a 600,000 sq ft […]
[Press Release] 50th Anniversary of Penang’s Industrialisation: State Recognition Dinner 2022
December 2, 2022 – In conjunction with the 50th anniversary of Penang’s industrialisation, the state government, via Penang Development Corporation (PDC) and InvestPenang, has led a year-long event surrounding on 13 focused themes to demonstrate Penang’s successful transformation and forward-looking plans. Approaching the end of 2022, the State Recognition Dinner, hosted over 650 participants, was […]
[Press Release] PDC And Walta Signed 15 Years Lease Agreement To Nurture Penang’s Talent
November 28, 2022 – Walta Engineering Sdn Bhd (Walta) hosted an agreement exchange ceremony today at Plaza WCOE at Batu Kawan Industrial Park, celebrating the expansion of Walta Centre of Excellence (WCOE) with the continued support from Penang state government, via Penang Development Corporation (PDC) and InvestPenang. WCOE is a corporate skills development as well […]
Micron Sets Up First Industry-Driven Childcare Centre At Batu Kawan
November 24, 2022 – Memory and storage solutions provider Micron Technology has set up the first public-privately funded childcare centre in the country in a bid to support work-life balance for its employees. Its president and CEO Sanjay Mehrotra said the childcare centre was set up through a partnership with the Penang government and TalentCorp. […]
[Press Release] Boston Scientific Expands Operations in Penang
PENANG, MALAYSIA (14 Nov 2022) Boston Scientific Corporation (NYSE: BSX), a global leader in medical device technology, today unveiled a new expansion of its operations in Batu Kawan, Penang. The expansion is expected to enable approximately 300 jobs in the coming years and includes a 110,000 square foot global distribution center. In support of the […]
[Press Release] ASE Breaks Ground on New Chip Assembly and Testing Facility in Penang, Malaysia
PENANG, Malaysia, November 10th, 2022 – Advanced Semiconductor Engineering, Inc. (ASE, a member of ASE Technology Holding Inc, NYSE: ASX, TWSE: 3711) hosted a groundbreaking ceremony today for the construction of a new semiconductor assembly and testing facility in Penang, Malaysia. The new facility at ASE Malaysia (ASEM) will comprise 2 buildings (Plants 4 and […]
EG Industries Expects to Create 1,000 High-value Jobs at New Plant
New RM180m fully-automated Lights-Out Smart Factory 4.0 in Penang to commence in 2024 November 9, 2022 – Electronic manufacturing services (EMS) provider EG Industries Bhd anticipates its RM180 million Smart Factory 4.0 in Batu Kawan, Penang to potentially create more than 1,000 high-value jobs for the local community upon its commencement in 2024. EG Industries’ […]
[Press Release] Launching of Penang GBS Industry Academy (PGIA)
Concerted public-private efforts in building talent pipeline for the development of Digital Economy ecosystem to ensure sustainable growth. Penang, November 8, 2022 – Digital economy is one of Malaysia’s key economic pillars, currently contributing 22.6% to the country’s gross domestic product (GDP) and this figure is expected to rise to 25.5% by 2025. Particularly, Global […]
Achieving Supply Chain Resilience: Strengthening the Metal Precision & Engineering Ecosystem
Penang, Nov 3, 2022 – Holding on the aim to strengthen the metal precision & engineering ecosystem in Penang, InvestPenang organised a Supplier Day at The Wembley – A St Giles Hotel, Penang, which was attended by a total of 120 industry players. Supplier Day is InvestPenang’s continuous effort in enhancing the supply chain resiliency. […]
NI’s New Global Distribution Centre to Offer 250 Jobs across Various Fields
November 1, 2022 – NI Malaysia today announced the opening of its newly-completed global supply chain distribution hub here in Penang, and it is expected to offer 250 jobs in areas such as research and development (R&D), manufacturing and sales. According to NI Malaysia managing director, Selvam Chinappan, the new building will play a critical […]
RM1 Million Seed Fund Awarded as Part of State Government Initiatives to Bolster Tech Startups
PENANG, Oct 25, 2022 – Riding on the proliferation of digitalisation, Penang is committed in advocating the use of technology in our daily lives. As part of the state government’s efforts in bolstering entrepreneurial and innovative creations, a total of RM1 million fund is allocated under Penang i4.0 Seed Fund (i4SF) Stream #4. Through an […]
Indium Corporation Celebrates Grand Opening of Its New Manufacturing Facility in Malaysia
Enabling the next generation of green-tech and e-mobility products. Penang, 22 October 2022 – Indium Corporation, a US-based global materials supplier to the electronics assembly and semiconductor packaging industries, organised a grand opening for its new 37,500-square-foot manufacturing facility with a special ceremony in Penang today. The ceremony celebrated the new facility with a ribbon […]
Malaysia’s September Trade Up 31.4% to RM256.9b
KUALA LUMPUR (Oct 19): Malaysia’s trade continued its upward trajectory in September 2022, rising by 31.4% to RM256.91 billion compared to the same month last year. It was the 20th consecutive month of double-digit growth, said the Ministry of International Trade and Industry (Miti). It said exports increased by 30.1% to RM144.31 billion, marking the 14th successive month of double-digit growth, […]
Scandinavian IBS Continues to Expand its IBS Production Line in Malaysia
Penang, September 29, 2022 – Scandinavian IBS Sdn. Bhd. (SIBS), a Sweden-based Industrialised Building System (IBS) and one of SIBS Group’s five companies with more than 850 employees has undertaken an expansion with an additional 15 acres of land size at their new plant located in Penang Science Park, Simpang Ampat, Penang. This expansion project […]
[Press Release] Comet to Double Production Capacity in Malaysia
Penang, 22 September 2022 – Comet today announced a major manufacturing expansion in Penang, Malaysia, adding 30’000 square feet and about 200 employees. The announcement was made at the official inauguration of our initial investment in Penang, which was celebrated in the presence of 250 distinguished guests at Comet’s existing facility in Taman Perindustrian Batu […]
#Penang 50 – Launch of Penang Pavilion @ WCIT 2022
Penang, 13 September, 2022 – In conjunction with the World Congress on Innovation and Technology 2022 (WCIT 2022), Penang state government, with InvestPenang as the lead agency, held a launching ceremony on 13th Sep at the state booth, Penang Pavilion. We are delighted to have the presence of His Excellency Tun Dato’ Seri Utama Ahmad […]
#Penang50 – InvestPenang’s Kuala Lumpur Mission: Meeting with Embassies
Kuala Lumpur, August 10, 2022 – InvestPenang is pleased to have the presence of Her Excellency Andrea Reichlin, Ambassador of Switzerland, His Excellency Andreas Launer, Ambassador of Austria, Dr Sebastian Weins, Counsellor for Economic in the Embassy of the Federal Republic of Germany and representatives from the Embassy of Switzerland and Embassy of Austria, joining […]
#Penang50 – 50 Years of Excellence and Beyond – InvestPenang’s Meeting with the US ambassador to Malaysia
Penang, August 8,2022 – InvestPenang had a meeting with the US ambassador to Malaysia, H.E. Brian D. McFeeters and representatives from the US Embassy in Penang yesterday. The meeting was mainly surrounding on the topics of investment climates, Penang’s industry transformation in moving up the value chain and the supply chain resiliency in Penang. The […]
#Penang50 – 50 Years of Excellence and Beyond – Thanking the local authorities!
Penang, August 2,2022 – InvestPenang hosted an Appreciation Lunch for Government Departments, Agencies and Local Authorities today to thank them for their support to the industry. The agencies include Perbadanan Pembangunan Pulau Pinang (PDC), Majlis Bandaraya Pulau Pinang (MBPP), Majlis Bandaraya Seberang Perai (MBSP), Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBA), Tenaga Nasional Berhad […]