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.

[Press Statement] FMT’s Article “Emulate Kedah’s speedy approval process” dated 20 February 2024

With reference to the above article quoting NCIA’s Chief Executive Encik Harris Sultan’s comments that “businesses in other northern states, including Penang – would have to wait for up to two years for necessary approval”, the state would like to clarify that industrial projects in Penang are allowed to commence construction work once the Building […]

Penang On Track to Take the Lead in Manufacturing Sector, Says CM

February 19, 2024 — Penang is set to cement its status as the leading state for manufacturing in the country following the groundbreaking ceremony of its Batu Kawan Industrial Park III. Scheduled to be completed within the next few years, the park will complement the existing industrial parks around the state, especially the Bayan Lepas […]

BCVC Looks to Elevate Semiconductor Industry

February 13, 2024  –  The Economy Ministry acknowledges the necessity of a collaborative effort involving both the government and the private sector to leverage the potential “tsunami” of investment opportunities, particularly within the semiconductor industry. Towards this end, its minister Rafizi Ramli invites venture capital (VC) firms and fund managers to contribute to Malaysia’s economic growth […]

[Press Release] Penang AgriTech & FoodTech Industry Council Spearheading Innovations Within Agriculture And Food Manufacturing Sectors To Cultivate A Sustainable Food System

February 1, 2024  –  As part of the key initiatives to strengthen Penang’s position as an investment location for AgriTech, FoodTech, and other related sectors in Penang, InvestPenang has initiated the establishment of the Penang AgriTech & FoodTech Industry Council. The main objective of this council is to serve as a platform for collaboration and […]

[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 […]

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 […]

[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 […]

[Press Release] INV New Material Technology (M) Sdn Bhd Groundbreaking at Penang Technology Park @ Bertam

November 29, 2023 – INV New Material Technology (M) Sdn Bhd marked a significant milestone with the groundbreaking ceremony at the Penang Technology Park @Bertam in Penang, Malaysia. The ceremony was honored by the presence of key dignitaries, including the Right Honourable Mr. Chow Kon Yeow, Chief Minister of Penang, Mr. Zhou Youbin, Consul General […]

[Press Release] Phabritek Opens New Facility in Batu Kawan with RM100 Mln Initital Investment

November 18, 2023 – Phabritek Sdn Bhd, which specialises in the manufacturing of optoelectronic multiplexers, modules and components, has announced the opening of its new manufacturing facility in Batu Kawan, near here, with an initial investment of RM100 million. Phabritek, a wholly-owned unit of Accelink Technologies Co Ltd, said the new facility will primarily focus […]

Enovix to Open its Silicon Battery Plant in Penang and Pump in RM5.8 Billion Investment

November 16, 2023 – Enovix Corporation, an advanced silicon battery company, will establish its first high-volume manufacturing facility in Penang, marking a significant milestone in the company’s global expansion strategy. The company’s investment plan was disclosed by Prime Minister Datuk Seri Anwar Ibrahim following a one-on-one meeting held on the sidelines of the Asia-Pacific Economic […]

Global Semiconductor Manufacturing Industry Set for Q4 2023 Recovery, SEMI Reports

November 13, 2023 – The global semiconductor manufacturing industry is on track for recovery in the fourth quarter of 2023, setting the stage for continued growth in 2024, SEMI announced today in its Q3 2023 publication of the Semiconductor Manufacturing Monitor (SMM) Report, prepared in partnership with TechInsights. Electronic sales are predicted to register a robust 22% […]

大馬全球第6半導體出口國 檳城成跨國企業投資聖地

馬來西亞半導體產業擁有全球13%市佔率,被譽為「東方矽谷」的檳城,51年前就迎來國際大廠像是英特爾(Intel)、博世(Bosch)到當地投資。中美貿易戰加上疫情,全球半導體產業正轉向中國以外的避險基地。檳城因為擁有豐富的人才和成熟的供應鏈,成了不少跨國企業的投資聖地。

檳城如何保持「東方矽谷」優勢?專訪前大馬檳州首長特別投資顧問李家全

在9月的一個下午,筆者開車駛進檳城島東南部的峇六拜(Bayan Lepas)自由貿易工業區,我以英特爾(Intel)檳城廠為目的地,接著開車在園區一帶遊蕩,在廣闊的道路兩旁的盡是眾多國際科技大廠的廠房,除此之外,也能見到許多工地正在興建新的廠房,準備迎接新的科技廠商入駐。[…]

[Press Release] Micron Commemorates 45 Years of Innovation with the Inauguration of its State-of-the-Art Assembly & Test Facility in Malaysia

Batu Kawan, Penang expansion will bolster technological production and enhance semiconductor development while reinforcing Micron’s commitment to sustainability Oct 13, 2023 – Micron Technology, Inc. (Nasdaq: MU), one of the world’s largest semiconductor companies, today marked a historic day with the opening of its new cutting-edge assembly and test facility in Batu Kawan, Penang, alongside the […]

[Press Release] Transforming Penang into Asia Premier Medical Device Manufacturing Hub

Oct 11, 2023 – In light of the accomplishment achieved in the previous exhibit and dialogue session back in July this year, the local MedTech players had expressed their interest to be part of Ministry of Health’s (MOH) suppliers. Therefore, InvestPenang organised a subsequent session for MOH to brief the local medical device companies on […]

Penang Strives to Join Global Leaders in Medical Device Manufacturing, Says EXCO Man

Oct 4, 2023  – PENANG is often lauded as a vibrant hub and is poised to be at par with Puerto Rico, Ireland and Costa Rica, which are recognised as the world’s top offshore manufacturing hubs for medical devices, says state Youth, Sports and Health Committee chairman Daniel Gooi Zi Sen. Gooi said this during […]

[Press Release] GlobalFoundries Announces Opening of New Malaysia Office to Support Global Manufacturing Operations

Engineering team in Penang, Malaysia is part of a strategic hub network that will provide round-the-clock support for GF’s global manufacturing operations Penang office will utilize the latest digital manufacturing technologies such as remote access and state-of-the-art Factory Control Tower New site will create 300 new jobs for engineering and manufacturing support roles in Penang […]

[Press Release] Federal Oats Mills Embarks on a New Era of Oats Production with State-of-The-Art Plant

September 21, 2023 – Federal Oats Mills Sdn. Bhd. (FOM), a pioneering leader in the oats industry, is proud to announce a significant milestone as it inaugurates its cutting-edge oat processing plant. With a rich history dating back to its incorporation in 1965, FOM has continuously evolved and innovated, establishing itself as Southeast Asia’s first […]

How Malaysia Fostered a Semiconductors Industry That Brought in Investors Like Tesla & Intel?

Did you know that Malaysia is one of the top 10 semiconductor manufacturers in the world? According to various reports, from ones by Insider Monkey to the government, Malaysia is consistently listed in the top 10 semiconductor manufacturing countries, placed between the UK and the Netherlands at around number seven or eight. Statista reported that in 2022, approximately 32.64 […]

‘Streamline TVET and Industry Tools’

Aug 15, 2023 — The government’s expansion of public-private collaboration on technical and vocational education and training (TVET) has garnered praise from educationists. However, they highlighted the need to attract more students and simplify industry requirements, particularly in setting up crucial infrastructure for trainees. EIS-UPMCS Centre for Future Labour Market Studies (EU-ERA) senior economist Dr […]