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/.
Should you need to meet up , we are conducting our meetings virtually. You may connect with us for further arrangements.

WHAT’S HAPPENING

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

[Press Release] Penang Unveils Plans for Its IC Design and Digital Park

Offering 1 million square feet of premium office space to cater for high-impact projects Penang, May 4, 2023 – The Penang State Government unveils its plans for the establishment of its Integrated Circuit (IC) Design and Digital Park which will offer a total of 1 million square feet of premium office space (including existing Innoplex […]

[Press Release] xFusion Sets Up a Global Supply Center in Penang

September 1, 2023 – Leading global provider of computing power infrastructure and services xFusion International Pte Ltd (“xFusion”) (超聚变数字技术有限公司) has chosen Malaysia to house its maiden Global Supply Center. Located in Seberang Perai, Penang, the 254,491 sq ft Global Supply Center will be a key hub for xFusion’s international market, with annual production capacity of […]

「東方矽谷」再起》馬來西亞外商投資反超車越南,它憑什麼成半導體贏家

時運,會如何改變⼀座城,甚或⼀個國家?

當南洋半導體島鏈下的星、⾺、印度、越南四國,因著美中貿易戰與疫情崛起,眼下,改變最明顯的,非⾺來⻄亞莫屬。

看進這裡,便能想像這條島鏈的未來。

當商周採訪團隊搭乘的⾶機即將降落檳城機場時,看出窗外,迎接旅客的並不是觀光古蹟,⽽是峇六拜⼯業區的超微(AMD)、博世(Bosch)[…]

[Press Release] Boston Scientific Expands Operations in Penang

PENANG, MALAYSIA (14 Nov 2022) Boston Scientific Corporation (NYSE: BSX), a global leader in medical device technology, today unveiled a new expansion of its operations in Batu Kawan, Penang. The expansion is expected to enable approximately 300 jobs in the coming years and includes a 110,000 square foot global distribution center. In support of the […]

[Press Release] ASE Breaks Ground on New Chip Assembly and Testing Facility in Penang, Malaysia

PENANG, Malaysia, November 10th, 2022 – Advanced Semiconductor Engineering, Inc. (ASE, a member of ASE Technology Holding Inc, NYSE: ASX, TWSE: 3711) hosted a groundbreaking ceremony today for the construction of a new semiconductor assembly and testing facility in Penang, Malaysia. The new facility at ASE Malaysia (ASEM) will comprise 2 buildings (Plants 4 and […]

EG Industries Expects to Create 1,000 High-value Jobs at New Plant

New RM180m fully-automated Lights-Out Smart Factory 4.0 in Penang to commence in 2024 November 9, 2022 – Electronic manufacturing services (EMS) provider EG Industries Bhd anticipates its RM180 million Smart Factory 4.0 in Batu Kawan, Penang to potentially create more than 1,000 high-value jobs for the local community upon its commencement in 2024. EG Industries’ […]

[Press Release] Launching of Penang GBS Industry Academy (PGIA)

Concerted public-private efforts in building talent pipeline for the development of Digital Economy ecosystem to ensure sustainable growth. Penang, November 8, 2022 – Digital economy is one of Malaysia’s key economic pillars, currently contributing 22.6% to the country’s gross domestic product (GDP) and this figure is expected to rise to 25.5% by 2025. Particularly, Global […]

Achieving Supply Chain Resilience: Strengthening the Metal Precision & Engineering Ecosystem

Penang, Nov 3, 2022 – Holding on the aim to strengthen the metal precision & engineering ecosystem in Penang, InvestPenang organised a Supplier Day at The Wembley – A St Giles Hotel, Penang, which was attended by a total of 120 industry players. Supplier Day is InvestPenang’s continuous effort in enhancing the supply chain resiliency. […]

NI’s New Global Distribution Centre to Offer 250 Jobs across Various Fields

November 1, 2022 – NI Malaysia today announced the opening of its newly-completed global supply chain distribution hub here in Penang, and it is expected to offer 250 jobs in areas such as research and development (R&D), manufacturing and sales. According to NI Malaysia managing director, Selvam Chinappan, the new building will play a critical […]

RM1 Million Seed Fund Awarded as Part of State Government Initiatives to Bolster Tech Startups

PENANG, Oct 25, 2022 – Riding on the proliferation of digitalisation, Penang is committed in advocating the use of technology in our daily lives. As part of the state government’s efforts in bolstering entrepreneurial and innovative creations, a total of RM1 million fund is allocated under Penang i4.0 Seed Fund (i4SF) Stream #4. Through an […]

Indium Corporation Celebrates Grand Opening of Its New Manufacturing Facility in Malaysia

Enabling the next generation of green-tech and e-mobility products.  Penang, 22 October 2022 – Indium Corporation, a US-based global materials supplier to the electronics assembly and semiconductor packaging industries, organised a grand opening for its new 37,500-square-foot manufacturing facility with a special ceremony in Penang today. The ceremony celebrated the new facility with a ribbon […]

Malaysia’s September Trade Up 31.4% to RM256.9b

KUALA LUMPUR (Oct 19): Malaysia’s trade continued its upward trajectory in September 2022, rising by 31.4% to RM256.91 billion compared to the same month last year. It was the 20th consecutive month of double-digit growth, said the Ministry of International Trade and Industry (Miti). It said exports increased by 30.1% to RM144.31 billion, marking the 14th successive month of double-digit growth, […]

Scandinavian IBS Continues to Expand its IBS Production Line in Malaysia

Penang, September 29, 2022 – Scandinavian IBS Sdn. Bhd. (SIBS), a Sweden-based Industrialised Building System (IBS) and one of SIBS Group’s five companies with more than 850 employees has undertaken an expansion with an additional 15 acres of land size at their new plant located in Penang Science Park, Simpang Ampat, Penang. This expansion project […]

[Press Release] Comet to Double Production Capacity in Malaysia

Penang, 22 September 2022 – Comet today announced a major manufacturing expansion in Penang, Malaysia, adding 30’000 square feet and about 200 employees. The announcement was made at the official inauguration of our initial investment in Penang, which was celebrated in the presence of 250 distinguished guests at Comet’s existing facility in Taman Perindustrian Batu […]

#Penang 50 – Launch of Penang Pavilion @ WCIT 2022

Penang, 13 September, 2022 – In conjunction with the World Congress on Innovation and Technology 2022 (WCIT 2022), Penang state government, with InvestPenang as the lead agency, held a launching ceremony on 13th Sep at the state booth, Penang Pavilion. We are delighted to have the presence of His Excellency Tun Dato’ Seri Utama Ahmad […]

Penang Internship Subsidy Programme (PISP) Award Presentation

Penang, Jun 24, 2022 – Penang’s approved manufacturing investments hit a record high of RM76.2 billion, surged 440% year-on-year. Penang’s 2021 record significantly outpaced the past performances, exceeded the cumulative investments garnered from 2012 to 2020 (RM73.1 billion). According to the data from the Malaysian Investment Development Authority (MIDA), Penang’s investment inflows in 2021 involved […]

Loob Ventures Makes Strategic Investment into Digital Media Firm Good Foodie Media

May 30 – Loob Ventures, a private venture entity by Loob holding CEO Bryan Loo and partners, is making a strategic investment into Malaysia’s lifestyle and digital media company Good Foodie Media, marking Loob’s first entry into digital media space. While the monetary value of the investment was not shared, Loo, founder and CEO of […]

[Press Release] SEMICON SEA 2022 Celebrates Penang’s 50 Year Anniversary of Manufacturing Excellence

Penang, Tuesday, 24 May 2022 – SEMICON Southeast Asia 2022 (SEMICON SEA 2022), the region’s premier event for the global electronics manufacturing and design supply chain, will be returning to Penang from June 21 – 23 and will welcome in-person delegates and attendees for the first time in over 2 years. The event will be […]

[Press Release] TTM Technologies Breaks Ground at Its First Manufacturing Plant in Penang, Malaysia

The new facility will address industry requirements for printed circuit board supply chain resiliency and regional diversification  Penang, 25 April 2022 – TTM Technologies, Inc. (NASDAQ: TTMI) (TTM), a leading U.S. based global manufacturer of printed circuit boards (PCBs), radio frequency (RF) components and RF microwave/microelectronic assemblies, held its groundbreaking ceremony today to celebrate its […]

GET Programme grows bigger

April 9 – The Penang Science Cluster (PSC) has expanded its ‘Girls in Engineering and Technology’ (GET) Programme for this year after conducting the pilot programme last year. GET Programme patron Datuk Noorashidah Ahmad said it was yet another milestone for GET to have grown bigger, with more companies, more volunteers and more schools participating. […]

[Press Release] Penang Announces RM1 Million in i4.0 Seed Fund Stream #4 for Early-stage Technology Start-ups, as Part of its Continuous Efforts in Promoting Innovations

Penang, Feb 22, 2022 – Being the State’s ongoing initiative to empower the tech start-up ecosystem, Penang i4.0 Seed Fund Stream #4 is officially open for application, following the virtual launching ceremony officiated by the Right Honorable Mr. Chow Kon Yeow, Chief Minister of Penang. Penang i4.0 Seed Fund initiative started in 2018 and has […]

Canada’s Eclipse sets up 1st Asian base in Penang

Feb 11 – Canada-based Eclipse Automation Inc is setting up its first Asian manufacturing facility in Batu Kawan, Penang, which is anticipated to create approximately 150 new jobs by 2025. In a statement yesterday, the Malaysian Investment Development Authority (Mida) said about 80% of the employees will be from technical and engineering backgrounds. “The facility […]

First Authentic German Meister Programme outside of Germany Now Available to Malaysians

Feb 10 – The Malaysian-German Chamber of Commerce and Industry (MGCC) is collaborating with the IHK Kassel-Marburg in Germany, B. Braun Medical Industries Sdn Bhd (BMI), and the Penang Skills Development Centre (PSDC) to offer the German certification of an Industriemeister in Mechatronics starting from January 2022 onwards. The programme is a part of the […]

[Podcast] B. Braun’s Next 50 Years

The pandemic has undoubtedly clouded the industries worldwide with challenges, gladly, our strategic investors remained confidence on Penang. B. Braun, a global leading medical device player and the pioneer company in Penang’s industrialisation journey since 1972, plans to deepen its roots here. Christoph Mueller, B. Braun’s Asia Pacific Senior Vice President of Operations shared that […]

[Press Release] VAT Holds Groundbreaking Ceremony for Its Phase Three Factory Extension in Malaysia

Penang, 27 January 2022 – Swiss-based VAT Group AG, the world’s leading supplier of high-performance vacuum valves, today held a groundbreaking ceremony to initiate the extension of its production facility in Penang, Malaysia. The new plant will cover an area of about 39,200 square meters and is estimated to create 500 employment opportunities once completed […]

[Press Release] 50 Years of Excellence and Beyond

For Immediate Release PRESS RELEASE 50 Years of Excellence and Beyond Steering Penang towards high income economy, driven by digitalization, manufacturing excellence and innovation.  Penang, Jan 17, 2022 – The year-long celebration on the 50th anniversary of Penang’s industrialisation officially kick-started with the hybrid launching ceremony by the Right Honourable Mr. Chow Kon Yeow, Chief […]