Kindly be informed that InvestPenang team continues to work from home and is reachable via emails. Please refer to our respective emails at https://investpenang.gov.my/about-invest-penang/.
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WHAT’S HAPPENING

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

The Ship’s Unique Campus Model Set to Boost Training at Batu Kawan Industrial Park

GEORGE TOWN – May 25,2022: The Ship campus, located in Batu Kawan Industrial Park (BKIP), Penang, is set to sail by training talents for the industrial park on its grounds in a unique campus-in-industry model. […]

Texchem to Pour RM44mil into Expansion

George Town – May 23, 2022: Texchem Resources Bhd is investing RM44mil to expand and improve its business operations this year and will ride on the growth prospects of its hard disk drive (HDD), medical device […]

PM Ismail Sabri Rolls out Red Carpet for US Investors, Urges Tesla to Consider Malaysia

WASHINGTON, May 12 — Prime Minister Datuk Seri Ismail Sabri Yaakob Wednesday (Thursday in Malaysia) rolled out the red carpet for American investors and businessmen, and presented Malaysia as a preferred investment destination. He welcomed […]

SIMMTECH to Deliver The First Made In Malaysia Memory Chip Packaging Substrate Through its Malaysian Subsidiary Sustio Sdn. Bhd.

Penang, May 9, 2022 – SIMMTECH, a South Korea-based global leading manufacturer for semiconductor packaging substrate and HDI Printed Circuit Board (PCB), held the grand opening ceremony for its Malaysia-based subsidiary, SUSTIO Sdn. Bhd. in […]

Western Digital Named Asia’s First World Economic Forum Sustainability Lighthouse

The World Economic Forum has recognised and awarded Western Digital’s factory at Batu Kawan, Penang, as a Sustainability Lighthouse. By leveraging its vertically integrated smart factory model and implementing 4IR technologies such as IoT sensors, […]

Micron Technology Fully Adopts RE for Its Hub and Operation Sites

April 20 – MICRON Technology says that its manufacturing, offices, and facilities in Malaysia are now powered by 100% renewable energy marking a new milestone in its sustainability goals. The achievement advances the company’s commitment […]

Lattice Expands Global Footprint with New Malaysia Office in Penang

Penang – April 15, 2022 – The Penang State government is pleased to announce that Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, has established a presence in Penang, Malaysia. The new Lattice Malaysia office in Penang […]

LUMILEDS’ Penang Malaysia Manufacturing Fully Transitions To 100% Renewable Electricity

Penang, Malaysia – April 14, 2022 – Lumileds has fully transitioned to 100% renewable electricity at its two manufacturing locations in Penang as of March 18th, 2022. With this transition to renewable electricity, the company […]

Penang state government launched RM500,000 Internship Subsidy Program as one of its initiatives to attract 150,000 talents in the next 5 years

Penang, Mar 31, 2022 – Penang has recently announced its applaudable manufacturing investment performance in 2021, hit a record high of RM76.2 billion investment inflows, according to data from the Malaysian Investment Development Authority (MIDA). […]

The Closure of the One Stop Centre (OSC) for Business Travellers

The game changing initiative will be phased out as Malaysia’s borders open on 1 April 2022 March 31 – Following the recent announcement made by YAB Dato’ Sri Ismail Sabri Bin Yaakob, Prime Minister of Malaysia, […]

YBS Eyes RM200 Mil Top Line with Capacity Expansion

March 23 – SET for a fivefold capacity expansion from a RM45 million investment by FY2024, precision machining group YBS International Bhd will soon be able to produce roughly RM200 million worth of electrical connectors […]

Industrial Land Demand on Uptrend

March 21 – The Penang Development Corp (PDC) will develop between 100 and 150 acres of industrial land annually in Batu Kawan over the next three years. According to special adviser to Penang Chief Minister […]

University, Industry Player Sign MoU to Accelerate Growth of Future Engineers

March 18 – UWC Holding Sdn Bhd, a subsidiary of UWC Berhad, an integrated engineering support services provider, today signed a Memorandum of Understanding (MoU) with Manipal International University to develop and nurture engineering students […]

SME CEO Forum Empowers SMEs to Stay Ahead

March 18 – THE SME CEO Forum returns this year to boost business immunity and empower small and medium-sized enterprises (SMEs) with the knowledge to stay ahead. SME CEO Forum 2022, themed ‘Supercharging SMEs in […]

MITI: RCEP Regional Trade Pact Comes into Force for Malaysia Today

March 18 — The Regional Comprehensive Economic Partnership (RCEP) agreement comes into force for Malaysia today, paving the way for the country to integrate into the world’s largest free trade agreement (FTA) that involves 15 […]

Elsoft to Sell Property in Penang for RM38m

March 16 –  Elsoft Research Bhd is selling a property in Barat Daya, Penang for RM38 million, proceeds of which will be used for business expansion, a production facility, general working capital, and a special […]

SEMICON SEA 2022 Returns to Penang with Focus on Supply Chain Sustainability

March 4 – AFTER a two-year hiatus due to the COVID-19 pandemic, SEMICON Southeast Asia – the region’s premier gathering of the semiconductor and microelectronics industry – is returning to the Setia SPICE Convention Centre […]

[Press Release] AETM’S Confidence in Malaysia Results in The Setting Up of a 20,000 Square Feet Manufacturing Facility in Pulau Pinang

Pulau Pinang, 9 March 2022 – Applied Engineering Technology (M) Sdn. Bhd. (AETM) organised a grand opening ceremony for its manufacturing plant in Batu Kawan Industrial Park, Pulau Pinang today. The ceremony was officiated by […]

[Press Release] Penang’s 2021 Approved Manufacturing Investments Hit All-Time High of RM76.2 Billion

Penang, March 9, 2022 – Penang’s approved manufacturing investments hit a record high of RM76.2 billion in 2021, surged 440% year-on-year, driven mainly by the existing investors’ reinvestments into the State. Penang’s 2021 record significantly […]

[Press Release] ams OSRAM Cements its Presence in Penang by Expanding to a 60-acre Campus in Batu Kawan

Penang, 7 March, 2022 – The Penang state government is pleased to announce that ams OSRAM, a global leader in optical solutions, is expanding its presence in Penang. ams OSRAM (formerly known as OSRAM) is […]

IGEM 2021 Generates Potential Investments Worth RM4.6 Bil

Feb 22 –  The International Greentech and Eco Products Conference and Exhibition Malaysia (IGEM) 2021, held virtually from July 1 to Dec 31 last year, has successfully generated RM4.6 billion in potential investments, said Environment […]

Angkasa-X, E&E Companies to Bolster Cooperation in Space Technology

Feb 21 – Angkasa-X Innovation Sdn Bhd, a technological-social inclusion company, has inked Memoranda of Understanding (MoUs) with nine Penang electrical and electronics (E&E) companies to bolster cross-sector cooperation in space technology (space tech). The […]

Malaysia Digital Economy Week at Expo 2020 Dubai Garners RM1.3 Bil Qualified Trade and Investments

Feb 21 – The Malaysia Digital Economy Week at Expo 2020 Dubai has garnered RM1.295 billion worth of qualified trade and investments to Malaysia derived from 110 business leads, 138 business matchings and 16 memorandums […]

Malaysia’s total trade soared 24.8% to RM203.05 billion in January 2022 — MITI

Feb 18 – Malaysia’s trade in January 2022 continued to be resilient, expanding 24.8% to RM203.05 billion compared with that of January 2021, said the Ministry of International Trade and Industry (MITI). In a statement […]