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

[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 […]

Coraza Buys Land in Penang for Expansion

Aug 14, 2023 — Coraza Integrated Technology Bhd has acquired a parcel of freehold land in Penang for RM17.69 million to boost its production capacity.   The land, measuring 8,538 square metres, has offices and factories erected on it, said the integrated engineering solution provider in a bourse filing.   Coraza said the acquisition is […]

Malaysia Joins Ericsson’s Global 5G Equipment Manufacturing Supply Chain

Malaysia is the first manufacturing facility in Southeast Asia for Ericsson to produce state-of-the-art Ericsson 5G radios Investment in manufacturing is in addition to Ericsson’s many socioeconomic contributions the company has implemented for Malaysia  Malaysia will benefit from local job creation and skills transfer   August 4, 2023 — Global 5G leader Ericsson (NASDAQ: ERIC) has […]

[Press Release] Enovix Joins Forces with YBS International Berhad to Unveil its Next-Generation Battery Manufacturing Facility in Penang Science Park

August 1, 2023 — Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company and YBS International Berhad (“YBS”) (MESDAQ: YBS:KLS), a Malaysia-based investment holding company with segments including electronic manufacturing and assembly, high-precision engineering, and precision machining and stamping, among others, came together today to mark a momentous occasion – the signing ceremony of […]

[Press Release] Bosch Opens New Semiconductor Backend Site for Chips in Penang

Total investment of EUR 350 million to strengthen the global supply chain for semiconductors The fully connected backend site is one of Asia’s most advanced facilities that focuses on final testing of semiconductors and sensors for mobility applications. Spanning a land size of 100,000 square metres, the new site covers around 18,000 square metres of […]

Penang On its Way to Becoming the MedTech Hub of Asia As it Continues to Draw in Investors

July 28, 2023 — Penang is set to become the MedTech Hub of Asia as the state’s exports in professional, scientific and controlling instruments and apparatus including medical devices continue to rise. According to InvestPenang, Penang’s exports in medical devices make up about 65 per cent on average of Malaysia’s total in the MedTech industry […]

Rinchem Announces Opening of Their Fifth International Hazmat Warehouse in Penang, Malaysia

July 26, 2023 — Rinchem is pleased to announce the opening of its fifth international hazardous materials (hazmat) warehouse in Penang, Malaysia. This new facility further strengthens Rinchem’s commitment to supporting the growing needs of the chemical and semiconductor manufacturers in the Asia Pacific region. Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment […]

Solarvest to Power Dexcom in Batu Kawan, Penang with Largest Solar PV System

July 26, 2023 – Solarvest has secured a contract with Dexcom Malaysia Sdn Bhd to install a 3.6 megawatt-peak (MWp) solar photovoltaic (PV) system at its manufacturing facility in Batu Kawan, Penang, the largest of its kind in the area. Dexcom is a subsidiary of the US-based DexCom, Inc., an industry-leading provider of continuous glucose […]

[Press Release] Driving Penang as a Premier Medical Device Manufacturing Hub in Asia

July 18, 2023 – InvestPenang organised an exhibit and dialogue session for the local medical devices manufacturers with Ministry of Health (MOH), Medical Device Authorities (MDA) and Ministry of International Trade and Industry (MITI), as part of the State’s efforts to promote locally manufactured medical devices. The session gathered 13 local key manufacturers in the […]

[Press Release] Commerz Trade Services Expands Presence with New Office Opening in Penang, Malaysia

July 14, 2023  — Commerz Trade Services Sdn Bhd, a 100% subsidiary of Commerzbank A.G. and a leader in trade finance digital solutions, is thrilled to announce the opening of its new office in Penang, Malaysia. This strategic expansion marks an exciting milestone in the company’s rapid growth trajectory and reinforces its commitment to Malaysia […]

[Press Release] Digital HR Symposium Penang 2023: Empowering HR Leaders in the Digital Age

June 26, 2023 – Amid the digital revolution, organisations are recognising the crucial role of Human Resources (HR) in leading digital transformation. HR is uniquely positioned to drive this change, as it manages the organisation’s most valuable asset – its people. The Digital HR Symposium was established to address this growing need. Organised by Global […]

[Press Release] Penang Internship Subsidy Programme (PISP) 2023

June 22, 2023 – Penang Internship Subsidy Programme (PISP), a special internship program initiated by the Penang State Government in 2022 through InvestPenang to support local companies in attracting talents from other states to Penang and indirectly will enhance the growth of Penang’s talent ecosystem. This year, the State has approved the budget of RM1 […]

After Fulfilling IPO Dream, Oppstar Takes Bigger Strides

June 20, 2023 – PENANG-based Oppstar Bhd realised its dream when it made one of the strongest public market debuts on Bursa Malaysia in March this year, but it is not done with its goals yet. The integrated circuit (IC) design house, which is the country’s largest contract chip designer, wants to become a prominent […]

Ebara Precision Machinery Sets Up Manufacturing Facility in Penang

June 13, 2023 – Japan-based vacuum and planarisation technologies leader, Ebara Precision Machinery Malaysia Sdn Bhd (Ebara Malaysia) has set up its first manufacturing facility at the Batu Kawan Industrial Park. Managing director, Takashi Sugiyama (pix) said the RM30.4 million facility will offer value-added products and quality services to meet the growing demand for various precision […]

Slimhaus Technology Established RM18 Million Manufacturing Facility in Penang

June 1, 2023 –Malaysian-based Industrialised Building System (IBS) modular home manufacturer SlimHaus Technology Sdn Bhd has established its first manufacturing facility at Valdor, Seberang Perai today with an investment of RM18 million. CEO and Director Gerald Chin Chung Peng said the 35,000 square feet facility is designated to manufacture IBS steel frames, modular and steel frame packages. “The facility […]

Penang to be a Global Hub Center for GlobalFoundries

The center in Malaysia is expected to be a hub that will oversee GlobalFoundries’s global operations. The company is currently setting up the office in the Bayan Lepas area, which is expected to be ready in the middle of September. The hub will be a virtual fabric with a manufacturing control tower, where GlobalFoundries can […]

Penang Complementing, Not Competing for Chipmaking Capital Leaving China: Official

May 24, 2023 – Penang remains unfazed by the flow of semiconductor capital to other countries in the region as the state has developed its own niche in the electrical and electronics (E&E) manufacturing sector. The state, now a top-ten player in the global supply chain for E&E, would complement rather than compete with its […]

[Press Release] SEMICON Southeast Asia 2023 Brings Focus on Electronics Supply Chain Resilience, Sustainability, Smart Tech and Talent

May 23, 2023 – Critical areas of semiconductor industry growth including sustainability, smart manufacturing, smart mobility, smart medtech and workforce development will take center stage over the next three-days at SEMICON Southeast Asia, the industry’s premier global electronics manufacturing and supply chain event. The opening was officiated by YAB Datuk Seri Dr. Ahmad Zahid Bin […]

B. Braun Enters Expansion, Innovation Mode in Penang

May 22, 2023 – German medical and pharmaceutical device company B. Braun Group’s arm in Malaysia, B. Braun Medical Industries (BMI) Sdn Bhd, is set to embark on a new phase of expansion and innovation in Penang. B. Braun Asia Pacific president Lam Chee Hong, who is the first Malaysian helming the position, said its […]