Kindly be informed that InvestPenang team continues to work from home and is reachable via emails. Please refer to our respective emails at
Should you need to meet up , we are conducting our meetings virtually. You may connect with us for further arrangements.


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

#Penang50 – InvestPenang’s Kuala Lumpur Mission: Meeting with Embassies

Kuala Lumpur, August 10, 2022  – InvestPenang is pleased to have the presence of Her Excellency Andrea Reichlin, Ambassador of Switzerland, His Excellency Andreas Launer, Ambassador of Austria, Dr Sebastian Weins, Counsellor for Economic in […]

#Penang50 – 50 Years of Excellence and Beyond – InvestPenang’s Meeting with the US ambassador to Malaysia

Penang, August 8,2022 – InvestPenang had a meeting with the US ambassador to Malaysia, H.E. Brian D. McFeeters and representatives from the US Embassy in Penang yesterday. The meeting was mainly surrounding on the topics […]

#Penang50 – 50 Years of Excellence and Beyond – Thanking the local authorities!

Penang, August 2,2022 – InvestPenang hosted an Appreciation Lunch for Government Departments, Agencies and Local Authorities today to thank them for their support to the industry. The agencies include Perbadanan Pembangunan Pulau Pinang (PDC), Majlis […]

[Press Release] Promising growth in GBS sets the stage to propel Penang’s digital economy sector

According to GBS Malaysia Strategy Report 2022-2027, GBS industry in Malaysia is expected to grow at a 5-year CAGR of 6.2% to US$6.7 billion by 2025, placing Penang on the right track to deepen its […]

InvestPenang’s Inputs for Budget 2023: Targeted Workforce Initiatives for Sustainable Impacts

Last year (2021), Penang has recorded stellar performance in the approved manufacturing investments, with a record-breaking figure of RM76.2 billion. In the first quarter of this year (2022), Penang clocked in RM6.3 billion of approved […]

[Press Release] Ground-breaking Ceremony for DHL New HUB, Bayan Lepas, Pulau Pinang

Penang, July 21, 2022  – By the grace of Yang Di-Pertua Negeri, Tuan Yang Terutama, Tun Dato’ Seri Utama Ahmad Fuzi Bin Haji Abdul Razak, State EXCO of Pulau Pinang, YB Dato’ Haji Abdul Halim […]

MentorConnect 2022 Draws 130 mentees

Penang, July 5th, 2022 – A TOTAL of 130 mentees will take part in the Dell Technologies Malaysia’s MentorConnect, an inter-company networking programme, this year. These mentees, who are staff members from 16 participating companies, […]

Attracting Investment into Penang

Despite the pandemic, Penang achieved good investment. In 2021, its approved manufacturing investments hit a record high and its external trade topped Malaysia’s list. Dato’ Loo Lee Lian, CEO of InvestPenang, talks to Su Aziz on present strategies to attract […]

Penang the Fastest State to Surpass National Growth

PENANG, June 30th, 2022 – Penang has surpassed the fastest national growth last year by 6.8%, followed by Selangor (5%), Perak (3.5%) and Kedah (3.2%). According to the Department of Statistics Malaysia (DoSM) chief statistician Datuk […]

Smith+Nephew Opens World-Class Manufacturing Facility in Malaysia to Support its Orthopaedics Business

Penang, 28 June 2022 – Smith+Nephew, the global medical technology company, today opened its new high technology manufacturing facility in Batu Kawan Industrial Park in Penang, Malaysia. The 250,000 square-foot facility, worth more than USD100 […]

[Press Release] LEM Announces Inauguration Ceremony for New Production Plant in Malaysia

Geneva, Switzerland, and Penang, Malaysia, 23 June 2022 – LEM (SIX: LEHN), a leading global company in electrical measurement for renewable energy, automation, power network and e-mobility applications, announces that an inauguration ceremony is being […]

[Press Release] SEMICON Southeast Asia 2022 Opens Tomorrow With Focus on Sustainability and Supply Chain Resilience

PENANG, Malaysia – 20 June 2022 – Spotlighting critical issues including sustainability and supply chain resilience, SEMICON Southeast Asia 2022, the region’s premier gathering of the semiconductor and microelectronics industry, opens tomorrow as experts convene […]

[Press Release] TF-AMD Expands its Presence in Malaysia with New Manufacturing Site

Penang June 14, 2022 — TF-AMD Microelectronics Sdn. Bhd. today announced plans to expand its manufacturing facility in Penang with the construction of a second site at Batu Kawan Industrial Park, Penang. With nearly RM2 […]

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 […]