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

[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 […]

[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 […]

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, […]

[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% […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

[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 […]

#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 […]

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 […]

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 […]

[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 – […]

[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 […]

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 […]

[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 […]

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 […]

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 […]

[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 […]

[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 […]

[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 […]

Local Company NSW Automation Sets Up R&D Centre in United States

Jan 15 – Malaysian-based NSW Automation Sdn Bhd, which is headquartered in Penang, held a soft launching ceremony of its research and development centre in San Jose, America last night. That important milestone in NSW’s […]

[Press Release] Penang Industrialisation: High Income Economy Driven by Digitalization, Manufacturing Excellence & Innovation

Penang’s multi-faceted industrial environment is placing the State on the right trajectory to seize the opportunities ahead.  Penang, Jan 13, 2022 – 2022 marks the Golden Jubilee of industrialisation in Penang. Immersed in 50 years […]

InvestPenang: Investors Remain Confident of Penang’s Ability to Navigate Past the Pandemic

Jan 9 – Penang’s approved manufacturing investment for 2021 was expected to exceed the state’s all-time high of RM17 billion recorded in 2019, despite being clouded by the repercussions of the pandemic as investors remain […]