[Press Release] Penang & Malaysia: Beyond Manufacturing Excellence
Penang & Malaysia: Beyond Manufacturing Excellence Last year, Penang celebrated 50 years of manufacturing excellence, significantly in the electrical and electronics (E&E) sector. While there are many other industries that Penang is known for, such as tin smelting; steelmaking; food production; and the medical device industry, among others, Penang is most well-known for the E&E […]
Enovix Announces Manufacturing Partner and Location for Fab-2 in Malaysia
March 29, 2023 – Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced it has signed a non-binding Letter of Intent (“LOI”) with YBS International Berhad (“YBS”) (MESDAQ: YBS:KLS), a Malaysia-based investment holding company with segments including electronic manufacturing and assembly, high-precision engineering, precision machining and stamping, among others. The LOI contemplates […]
MMS Ventures to Have New Assembly and Test Lines
March 27, 2023 – MMS Ventures Bhd will produce new assembly and test lines to check power components used in medical instruments and automotive industries in the fourth quarter of this year. Group managing director T.K. Sia told StarBiz that these assembly and test lines with innovative features would be for US customers. “With these new […]
[Press Release] AMD Announces Plans to Expand Global Business Services and Engineering Presence in Penang
March 23, 2023 — AMD (NASDAQ: AMD) today announced plans to expand its global business services and engineering presence in Malaysia with the construction of a new, state-of-the art office space and lab facility in Bayan Lepas, Penang. The building, called “GBS by the Sea”, will include approximately 209,000 square feet of new office and […]
[Press Release] SEMICON Southeast Asia 2023 to Spotlight Electronics Supply Chain Resilience, Sustainability, Smart Tech and Talent
March 22, 2023 — Critical areas of semiconductor industry growth including sustainability, smart manufacturing, smart mobility, smart medtech and workforce development will take center stage at SEMICON Southeast Asia as the industry’s premier global electronics manufacturing and supply chain event returns to Penang 23-25 May at the Setia SPICE Convention Centre. SEMICON Southeast Asia 2023 […]
[Press Release] Penang’s Robust Industrial Ecosystem Continued to Demonstrate Resilience with RM13.7B Approved Manufacturing Investments in 2022
March 15, 2023 – Having built a solid reputation after 50 years of industrial excellence, Penang continues to draw active participation from both new and existing investors. According to data from the Malaysian Investment Development Authority (MIDA), Penang clocked up RM13.7 billion in approved manufacturing investments in Jan-Dec 2022. The investment inflows in the said […]
[Press Release] Greatech Technology Berhad Marks Major Milestone with RM1.3 Billion Investment in Batu Kawan IV (BK IV)
February 28, 2023 – Greatech Technology Berhad (“Greatech”), through its subsidiary Greatech Integration (M) Sdn. Bhd., a Malaysia-based leading automation solutions provider, organised a groundbreaking ceremony for the construction of a new facility in Penang, Malaysia. The new additional facility, BK IV, with a built-up area of 500,000 square feet, will be constructed across 11.58-acre […]
US-China Trade Tensions a Tailwind for Steel Player Eonmetall
February 22, 2023 – EONMETALL Group Bhd, which manufactures steel storage and racking systems, metalwork and industrial process machinery and equipment, is a beneficiary of the US-China trade war that has led to an increase in demand for its products over the last couple of years, and it expects the trend to continue in the […]
[Press Release] Elna PCB Deepens Root in Penang With RM1 Billion Expansion Plan
February 18, 2023 – Elna PCB Malaysia Sdn Bhd (Elna PCB), one of the key printed circuit board (PCB) players in Penang, held a groundbreaking ceremony today for the expansion of its new plant in Seberang Perai Tengah, Penang. Bringing an investment value of approximately RM1 billion for the equipment, plant, and machinery, the construction […]
ViTrox Sets Up College to Address Talent Shortage
February 10, 2023 – A VISION-INSPECTION equipment maker, ViTrox Corporation Berhad has launched its own education centre, ViTrox College, today. It is located at the same site as its plant in Batu Kawan Industrial Park (BKIP). ViTrox chief executive officer and president Chu Jenn Weng said the college would provide industry-centric, inspiring and inclusive education […]
Tech: US-China Tensions Open Door to Simmtech’s Diversification to Malaysia
February 8, 2023 – THE semiconductor industry has been feeling the heat arising from tensions between the US and China, while grappling with worsening consumer demand amid a gloomy global economic outlook. Concerns over the mounting rivalry between the two economic giants prompted South Korea-based Simmtech Holdings Co Ltd to set up shop in Penang, […]
Solar Renewable Energy to Fuel Greatech As It Seeks New Blue Ocean Product
January 16, 2023 – AT a time when most semiconductor equipment players are experiencing the effects of an industry-wide down-cycle, the sun continues to shine for factory automation solutions provider Greatech Technology Bhd, given its exposure to the growing solar renewable energy segment. Its exposure to the solar photovoltaic industry has shielded it from a […]
Pharmaniaga Open New Distribution Centre in Penang to Increase Distribution Capacity
January 6, 2023 – Pharmaniaga Bhd’s wholly-owned unit, Pharmaniaga Logistics Sdn Bhd (PLSB), has officially opened its new distribution centre in Penang to increase the group’s distribution capacity coverage and buffer stock readiness. The new distribution centre is also part of PLSB’s management office relocation and warehouse expansion which have been initiated since April 2021. […]
New Era of Smart Healthcare Centre Now Established in Penang
January 7, 2023 – Chang Gung Memorial Hospital (CGMH), Taiwan’s largest non-government hospital group, has established its first medical technology (MedTech) centre, Taiwan Advance Medtech Centre (TAMC), in Penang. Taiwan Advance Medtech Centre Sdn Bhd executive director, Datuk Dr Lee Toong Chow said that TAMC is a joint endeavor between Pulau Pinang technopreneurs and CGMH. […]
[Press Release] AEM Opens New 365,000-Square-Foot Manufacturing Plant in Penang
January 9, 2023 – AEM, a global leader in test innovation, celebrates the grand opening of its new manufacturing plant in Penang. The new plant comprises a 365,000-square-foot area for assembly, quality assurance (QA), a warehouse, an R&D lab, and more, to develop advanced testing and handling equipment. This expansion comes on the heels of […]
[Press Release] Year 2023: Seize Opportunities Towards the Next Leap
Year 2023: Seize opportunities towards the next leap 2022 is an action-packed year for Penang. Celebrating the 50th anniversary of Penang’s industrialisation this year, the stellar performance garnered in the past has greatly attested the robustness and remarkable resilience the state possesses. Not resting on our laurels, the state will continue to uphold our competitive edges, […]
Tech: Micron Looks Past Semiconductor Downturn for Opportunities, Ramps Up Investment in Penang
December 15, 2022 – THE tech rout that began in the beginning of the year, as the flip from chip shortage to glut intensified, has shaved 40% off the share price of US-based memory chip giant Micron Technology Inc year to date. One of the world’s largest semiconductor vendors, the Nasdaq-listed company, which has a […]
Lam Research Embraces Solar Power System to Reduce CO2 Emissions
December 15, 2022 – THE Lam Research International Sdn Bhd, a global supplier of wafer fabrication equipment and services to the semiconductor industry, has launched its solar power system today at its manufacturing plant in Batu Kawan. The solar energy project was undertaken by Lam to further propel its initiative concerning sustainability in the semiconductor […]
QES Group Doubles Down on Investment in Manufacturing Capacity
December 13, 2022 – UNFAZED by a slowdown in global semiconductor demand that could continue into next year amid the risk of a recession, QES Group Bhd is doubling down on its investment and commitment to expand its manufacturing capacity. The ACE Market-listed company, which distributes and manufactures automated test equipment (ATE), has earmarked between […]
[Press Release] SIMMTECH to Fast Track USD50-Million Expansion of Subsidiary’s Production Line in Penang to 2023
December 13, 2022 – SUSTIO Sdn. Bhd., a Malaysia-based subsidiary of the semiconductor packaging substrate and HDI Printed Circuit Board (PCB) global leading manufacturer, SIMMTECH, is set to expand its production line in Penang. The second phase of investment, valued at USD50 million, is expected to be completed by the first quarter of 2023. The […]
US-based Manufacturer Lanco Opens New Facility at Batu Kawan Industrial Park
December 8, 2022 – LEADING manufacturer of equipment for production automation, Lanco Integrated, has officially opened its much-anticipated, high-technology manufacturing facility at Batu Kawan Industrial Park (BKIP) today. Lanco Integrated vice-president (sales and marketing) Barry Rahimian said the new manufacturing facility will focus on constructing, designing and building a customised engineered turnkey automated assembly system. […]
Mattel Malaysia Celebrates Its 40th Anniversary And Announces Plant Expansion To Be Completed In January 2023
December 6, 2022 – Mattel Malaysia Sdn. Bhd. (MMSB) commemorated its 40th anniversary in Malaysia today with the announcement of a plant expansion, expected to be completed in January 2023. Located in Penang, Malaysia, MMSB is the world’s largest Hot Wheels manufacturing plant, with a current average output capacity of approximately 9.0M cars per week. […]
Micron Technology To Invest RM4.4bil On 2nd Factory In Penang
December 2, 2022 – Buoyed by strong market demand, US-based Micron Technology Inc will invest another US$1 billion (RM4.4 billion) to build a second factory in Penang. CEO Sanjay Mehrotra said the computer memory and computer data storage producer has invested US$1 billion in its operations here since 2019, which included a 600,000 sq ft […]
[Press Release] 50th Anniversary of Penang’s Industrialisation: State Recognition Dinner 2022
December 2, 2022 – In conjunction with the 50th anniversary of Penang’s industrialisation, the state government, via Penang Development Corporation (PDC) and InvestPenang, has led a year-long event surrounding on 13 focused themes to demonstrate Penang’s successful transformation and forward-looking plans. Approaching the end of 2022, the State Recognition Dinner, hosted over 650 participants, was […]