[Press Release] Penang is Paving Its Way to Become The Preferred Investment Destination for Global Business Services Industry Through Penang GBS Industry Academy
December 14, 2023 – Penang Global Business Services (GBS) Industry Academy (PGIA), first launched on 8 December 2022, is an academy that pools resources from the private sectors, government entities and academia to bridge talent supply and demand gap as well as become a launchpad to enhance the readiness and competency of the GBS talent. […]
[Press Release] Lattice Expands Global Footprint with Larger Presence in Penang
December 14, 2023 – Lattice Semiconductor, the low power programmable leader, today announced the opening of its new office location in Penang, Malaysia. The new, larger office further expands the Lattice’s global footprint to support its continued growth, acting as an engineering and operations hub for the company’s robust hardware and software portfolio. “Since establishing our […]
Global Total Semiconductor Equipment Sales Forecast to Reach Record $124 Billion in 2025, SEMI Reports
December 12, 2023 — Global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach $100 billion in 2023, a contraction of 6.1% from the industry record of $107.4 billion posted in 2022, SEMI announced today in its Year-End Total Semiconductor Equipment Forecast – OEM Perspective at SEMICON Japan 2023. Semiconductor manufacturing equipment growth […]
[Press Release] Penang’s Resilient Industrial Ecosystem Continued to Attract Approved Manufacturing Investment Inflow of RM38.9B With Anticipated Recovery in the Global Technology Cycle from January to September 2023
December 11, 2023 – Underpinned by over 50 years of industrial excellence, Penang continues to draw active participation from both new and existing investors. In the third quarter of 2023 (3Q2023), Penang has recorded an investment inflow of RM34.6 billion in manufacturing, up 421% year-on-year. In 3Q23, foreign direct investments (FDI) accounted for RM33.0 billion […]
[Press Release] Revolutionizing Global Industries: NSW Automation Unveils Innovative Micro-Dispensing Facility in Penang, Malaysia
December 7, 2023 – NSW Automation, a leading force in precision fluid dispensing systems for the microelectronics and semiconductor industries, triumphantly announced the grand opening of its new headquarters in Penang. This relocation signifies a momentous shift from their former island-based location to the mainland, marking a significant step forward for the company’s growth and […]
Malaysia Creates Almost 90,000 Jobs from RM225.0 Billion Approved Investments For 9M2023, Exceeding Full-Year Annual Target
Malaysia attracted RM225.0 billion of approved investments in services (RM117.7 billion), manufacturing (RM99.8 billion), and primary sectors (RM7.5 billion). This is a 6.6% increase as compared to RM211.0 billionapproved investments in the same period last year. Foreign Direct Investment (FDI) accounted for a substantial 55.9% or RM125.7 billion of the total approved investments, while Domestic Direct Investment (DDI) contributed 44.1% or RM99.3 billion. DDI recorded an […]