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.

Laggard Elsoft Awaits its Moment to Shine

Main Market-listed Elsoft Research Bhd has been a laggard among Bursa Malaysia-listed automated test equipment (ATE) manufacturers, both in terms of share price gains and financial performance. Over the past five years, Elsoft’s share price […]

Keysight to Install Rooftop Solar Array in Penang, Malaysia

Oct 26 – Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, announced the installation of a rooftop […]

Cover Story: SkyeChip Reaches for the Stars

Nearly 10 years ago, S K Fong, who was then the senior vice-president of research and development at Altera, spoke about the need for Malaysian companies in the electrical and electronics (E&E) sector to move […]

InvestPenang Inks MoU with HSBC Malaysia to Attract High Quality Investments

Penang, Oct 26, 2021 – InvestPenang and HSBC Bank Malaysia Berhad (HSBC) have signed their first Memorandum of Understanding (MoU), that focuses on bringing high quality foreign direct investments into Penang and Malaysia, tapping into […]

Tech: Penang Automation Cluster Aims to Build Local Supply Chain and Elevate SME Capabilities

Building automated equipment systems is akin to the assembly and production of vehicles. Visitors to automotive manufacturing plants would have observed that they usually operate in industrial clusters — the better to attract customers, precision […]

Hotayi BK2 A Timely Expansion Project to Celebrate Firm’s 30th Anniversary Next Year

Oct 16 – Another milestone is on the way for Hotayi Electronic (M) Sdn Bhd as they celebrated the groundbreaking ceremony of a new plant called ‘Hotayi BK2’ in Batu Kawan today. Founded in 1992, […]

PCB Manufacturing Remains GUH Holdings’ Bread and Butter

Main Market-listed GUH Holdings Bhd may be more diversified these days, but its bread and butter is still substantially printed circuit board (PCB) manufacturing. GUH has businesses in property development, water and wastewater solutions, plantations, […]

Greatech Set to Raise Capacity with New Plant

Oct 14 – Greatech Technology Bhd’s RM51mil new plant on a seven-acre site in Batu Kawan is scheduled for occupancy by next May. Group chairperson Ooi Hooi Kiang (pic) said the 265,000 sq ft modern production […]

InvestPenang Upbeat on Recovery with Steady GDP Growth, Potential Investments

Oct 6 – InvestPenang is optimistic on Penang’s recovery post-COVID-19, driven by the state’s steady Gross Domestic Product (GDP) growth despite challenges posed by the pandemic. Chief executive officer Datuk Loo Lee Lian said the state’s […]

ATE Makers and ESG

In layman’s terms, automated test equipment (ATE) systems are designed to not only reduce the amount of test time needed to verify that a particular semiconductor device or high-tech gear works, but also to prevent […]

The Rise of Test Equipment Giants amid Tech Boom

Over the past few decades, the Malaysian semiconductor scene has largely been dominated by the labour-intensive outsourced semiconductor assembly and test (OSAT) companies. Companies like Inari Amertron Bhd, Malaysian Pacific Industries Bhd (MPI), Unisem (M) […]

Newly-setup Penang Covid-19 Call Centre Begins Operation

Sep 15 – The Penang Covid-19 Call Centre has officially started operating today and can by reached by calling the careline number at 04-2618000. Chief Minister Chow Kon Yeow said at the moment, the call […]

[Press Release] Strengthen Coordination with the Federal government in Covid-19 Measures

PRESS STATEMENT For Immediate Release Penang, Sept 15, 2021 – The path to battling the Covid-19 virus is still far from over, however a zero-tolerance approach may not be a tenable solution. Higher inoculation rates, […]

Tech: RM508mil Investment in Penang by South Korea’s Simmtech to Give Local Equipment Players A Boost

SOUTH Korea-based semiconductor company Simmtech Holdings Co Ltd’s decision to make a greenfield investment in Penang bodes well for Malaysian equipment vendors and automation houses. On July 30, Simmtech — one of the world’s largest […]

Employers to be Supplied with Covid-19 Test Kits, Says Human Resources Minister

Sep 6 – Employers will be supplied with Covid-19 test kits in an initiative to contain the spread of the virus at workplaces, says Human Resources Minister Datuk Seri M Saravanan. The initiative – known […]

Covid-19 Best Practice Measures by Penang State Government & CREST

Sep 6 – The Penang State Government welcomes the initiative by Collaborative Research in Engineering, Science and Technology (CREST) to introduce access to Standard Operating Procedures (SOP) from CREST member companies and a consolidated Covid-19 […]

Medical Device Business the Next Big Thing for Pentamaster

PENANG-based semiconductor equipment vendor and automation house Pentamaster Corp Bhd is the latest company to embark on the diversification route to increase its revenue streams and generate sustainable earnings growth. While its peers ViTrox Corp […]

Addressing Vaccines and SOP Issues are Key for Industrial Sustainability

Joint statement of Penang Manufacturing Industry Advisory Council members: InvestPenang, AMMI, FMM, FREPENCA, SAMENTA PENANG, Aug 27, 2021 – Penang, being a vital economic powerhouse of the country, is placed in a challenging situation with […]

National Recovery Plan (NRP) Frequently Asked Questions (FAQ) for Manufacturing Sector

Please click on below for the FAQs for manufacturing sector under the purview of the Ministry of International Trade and Industry (MITI) in line with the announcement of National Recovery Plan (NRP). NRP FAQ In […]

Lam Research Launches Manufacturing Plant in Penang with RM1b Investment

Aug 3 – Lam Research Corporation, a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, today officially launched its new facility in Batu Kawan, Penang with an investment of RM1 billion. […]

SIMMTECH Expands Footprint in Penang

  Penang, July 30, 2021 – The Penang State government is pleased to announce that Korea-headquartered Simmtech Holdings Inc. (Simmtech), one of the global leading players in printed circuit board (PCB) and packaging substrate for […]

American High-Tech Company, Applied Engineering Inc. Setting-Up Joint Venture Operations with Malaysian QES Manufacturing Sdn. Bhd.

July 15 – US-based Applied Engineering (AE) from San Jose, California will be establishing a joint venture (JV) plant with Malaysian counterpart, QES Manufacturing Sdn. Bhd. (QES) in Batu Kawan Industrial Park, Pulau Pinang later […]

Penang Air Cargo to Improve Further

July 5 – After experiencing eight quarters of sluggish business, the Penang air cargo industry expects to see an increase in the volume of outbound and inbound cargo this year. Penang Freight Forwarders Association (PFFA) […]

[Press Release] Decentralizing National Recovery Plan

Penang, July 3, 2021 – On June 15, Prime Minister Tan Sri Muhyiddin Yassin announced a four-phase National Recovery Plan (NRP) with three main threshold indicators to be met before the nation can move on […]

[Press Release] 2021: A Year of Consolidation on Investment Landscape; Concerted Efforts are Placed in Propelling Sustainable Industry Growth

Ramping up efforts on Penang’s Covid-19 mass vaccination programme, focused industries and talent pool, in preparing for long-term sustainability. Penang, June 18, 2021 – The Public-Private Partnership Covid-19 Industry Immunisation Programme for the manufacturing sector, […]

DOSM: Total Trade of Six States Rises in 2020 Despite Covid-19

June 8 – Six states recorded an increase in total trade amid a 3.6% decline in Malaysia’s trade to RM1.78 trillion in 2020 albeit Covid-19 pandemic that has also affected trade around the world, the […]

Dell Technologies Sets Up Largest On-site Solar Panel Globally in Malaysia

June 8 – Dell Technologies has announced the implementation of its largest on-site solar panel installation globally at the Dell Technologies Asia Pacific Customer Centre in Bukit Mertajam, Penang. Dell Technologies said the solar photovoltaic […]

Minister: Mass Covid-19 Vaccination Centres to be Set Up for Factory Workers in Penang in Two Weeks

June 3 – Mass Covid-19 vaccination centres will be set up in Bayan Lepas and Batu Kawan in Penang specifically for factory workers in two weeks’ time. National Covid-19 Immunisation Programme Coordinating Minister Khairy Jamaluddin […]

Vitrox Unit Buys Land Worth RM49m from Penang Development Corporation

May 31 – Vitrox Corp Bhd (VCB) said its unit is buying land worth RM48.33 million in Penang to execute its 10-year expansion master plan, which will be fully completed by 2030. According to a […]

[Press Release] Penang’s Coordinated Efforts for the Manufacturing Sector to Fight the Pandemic

PENANG, May 28, 2021 – At its latest meeting chaired by the Special Investment Advisor to the Chief Minister of Penang, Dato’ Seri Lee Kah Choon, the members of Penang Manufacturing Industry Advisory Council have […]