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

MITI Sees Semiconductors as ‘New Oil’, Eyes Further E&E Development in Northern Peninsular Malaysia

January 25, 2024 – Given that semiconductors are now as central to world economies as oil has long been, it is time for Malaysia to build a world-class electrical and electronics (E&E) cluster in northern Malaysia, said Deputy Minister of Investment, Trade and Industry Liew Chin Tong. “Going forward, we are seeing Kedah, Penang, Perak […]

[Press Release] Advantech Officially Launched ASEAN Shared Service Center

Forming a Talent Development Ecosystem, Strengthening Regional Core Competencies and Localized Services, Achieving In-depth Industry Development and Implementation January 24, 2024  –  Advantech (TWSE: 2395), a global leader in Industrial IoT, has officially established the ASEAN Shared Service Center (ASSC) in Penang, Malaysia, to enhance customer service in the Asia-Pacific region. The company initiated the […]

QES Group Invests RM40 Million In New Plant, Doubling Manufacturing Capacity

 January 18, 2024  – QES Mechatronic Sdn Bhd, a prominent subsidiary of QES Group Berhad, has announced a groundbreaking new venture in Batu Kawan Industrial Park. The state-of-the-art facility, known as “QES 2@BKIP,” signifies a significant leap forward for the global semiconductor equipment manufacturer, showcasing an impressive RM40 million investment. The plant will be used […]

[Press Release] Nihon Handa Expands Operation in Penang to Cater for Growing Demand

January 16, 2024 – Nihon Handa Co., Ltd., a leading Japanese manufacturer of soldering and sintering materials, today announced the opening of a new factory and office location for its local subsidiary, Nihon Handa Manufacturing (Malaysia) Sdn. Bhd., in Batu Maung, Penang, Malaysia. This new factory is aiming to expand Nihon Handa’s solder supply capacity […]

Gartner Says Worldwide Semiconductor Revenue Declined 11% in 2023

Memory Revenue Poised to Record One of the Worst Downturns in History Intel Regained No. 1 Spot from Samsung Nvidia Made Debut in Top 5 Semiconductor Vendor Ranking   January 16, 2024  – Worldwide semiconductor revenue in 2023 totaled $533 billion, a decrease of 11.1% from 2022, according to preliminary results by Gartner, Inc.“While the cyclicality […]

Penang’s Startup Ecosystem Receives Recognition with Georgetown as 8th Ranked City in Southeast Asia

Georgetown is 2nd highest-ranked city in Malaysia with KL at 4th spot Supporting startup ecosystem part of plan to attract high-tech industries Exabytes, a Penang based regional hosting company is widely considered to be the state’s most successful startup. Filepic shows it hosting students from Singapore’s Temasek Polytechnic in 2019.   Piktochart is a respected […]

Govt to Establish Task Force to Grow Semiconductor Sector

Investment, trade and industry minister Tengku Zafrul Aziz said the Malaysian semiconductor sector currently contributed 10% to the global semiconductor market. January 9, 2024  – The government has decided to establish a national semiconductor strategic task force as a platform to grow the semiconductor ecosystem and draw in strategic investments, says investment, trade and industry […]