[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 […]