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View major news and upcoming events to explore Penang’s thriving key industries.

Enovix Announces Manufacturing Partner and Location for Fab-2 in Malaysia

March 29, 2023  – Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced it has signed a non-binding Letter of Intent (“LOI”) with YBS International Berhad (“YBS”) (MESDAQ: YBS:KLS), a Malaysia-based investment holding company with segments including electronic manufacturing and assembly, high-precision engineering, precision machining and stamping, among others. The LOI contemplates […]

MMS Ventures to Have New Assembly and Test Lines

March 27, 2023  – MMS Ventures Bhd will produce new assembly and test lines to check power components used in medical instruments and automotive industries in the fourth quarter of this year. Group managing director T.K. Sia told StarBiz that these assembly and test lines with innovative features would be for US customers. “With these new […]

[Press Release] AMD Announces Plans to Expand Global Business Services and Engineering Presence in Penang

March 23, 2023 — AMD (NASDAQ: AMD) today announced plans to expand its global business services and engineering presence in Malaysia with the construction of a new, state-of-the art office space and lab facility in Bayan Lepas, Penang. The building, called “GBS by the Sea”, will include approximately 209,000 square feet of new office and […]

[Press Release] SEMICON Southeast Asia 2023 to Spotlight Electronics Supply Chain Resilience, Sustainability, Smart Tech and Talent

March 22, 2023 — Critical areas of semiconductor industry growth including sustainability, smart manufacturing, smart mobility, smart medtech and workforce development will take center stage at SEMICON Southeast Asia as the industry’s premier global electronics manufacturing and supply chain event returns to Penang 23-25 May at the Setia SPICE Convention Centre. SEMICON Southeast Asia 2023 […]

[Press Release] Penang’s Robust Industrial Ecosystem Continued to Demonstrate Resilience with RM13.7B Approved Manufacturing Investments in 2022

March 15, 2023 – Having built a solid reputation after 50 years of industrial excellence, Penang continues to draw active participation from both new and existing investors. According to data from the Malaysian Investment Development Authority (MIDA), Penang clocked up RM13.7 billion in approved manufacturing investments in Jan-Dec 2022. The investment inflows in the said […]