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] 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 – […]

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 […]

Micron Invests RM1mil for Local Universities to Embark on R&D

Jan 7 – MICRON Malaysia has announced a RM1 million funding for Malaysian universities to embark on their R&D projects today, with Universiti Sains Malaysia identified as the first university for the said purpose. Following […]

Penang to Host SEMICON Southeast Asia 2022

Dec 15 – SEMI’s annual semiconductor trade show and conference—SEMICON Southeast Asia 2022—will take place in Setia SPICE Arena & Convention Centre in Penang, Malaysia from June 21 to 23. Themed Forward as One—Building A Resilient […]

[Press Statement] 2022: The year of cautious recovery for Penang

PRESS STATEMENT BY DATO’ SERI LEE KAH CHOON 24 DECEMBER 2021 GEORGE TOWN, PENANG 2022: The year of cautious recovery for Penang If one’s business is still intact, 2022 will be the year of cautious […]

[VAT Media Release] Expanding Production Capacity in Penang, Malaysia

Dec 17 – VAT, the global leader in high-vacuum technology for the semiconductor, digital display and other high-precision industries, today announced its biggest-ever capital investment program to strengthen the foundation for sustainable future growth. As […]

[Press Release] Intel Starts Construction of New Production Facility at Bayan Lepas FTZ 3, Penang, as Part of its US$7 Billion Expansion Project

PRESS RELEASE Embargo until 17 Dec 2021, 10:05 MYT Penang, Dec 17, 2021 – Intel Corporation’s (Intel) groundbreaking ceremony today marks the construction of its new production facility at Free Trade Zone Phase 3, Bayan […]

Monograph on Award-winning Malaysian ‘Factory in the Forest’ Launched

Dec 9 – Taxi or e-hailing drivers sometimes wonder if they have arrived at the wrong location when they reach the Paramit Malaysia factory at Penang Science Park, an industrial area on the island. That’s […]

Penang Taps into the Potential of Global Business Services

Dec 8 – The Penang Development Corporation (PDC) is planning to set up two more Global Business Services (GBS) buildings in the state to meet the growing needs of the GBS market. One of them will […]

MMS Ventures Switches Strategy to Boost Machine Sales Volume

Dec 8 – Many companies — such as tech giant Apple and Tesla Motors — have successfully used the blue ocean strategy to create new markets for their products. While it helps companies stand out […]

Penang Celebrates the 50th Anniversary of its Industrialization Journey in 2022

For Immediate Release PRESS RELEASE Making quantum leaps forward since 1972 with its robust industrial ecosystem, imbued with advanced technology and future-proof offerings. Penang, November 20, 2021 – The Right Honourable Mr. Chow Kon Yeow, […]

Cover Story: Why Companies are Flocking to Batu Kawan Industrial Park

Nov 18 – In 2011, Boon Siew Honda Sdn Bhd became the first company to set up operations at Batu Kawan Industrial Park (BKIP) in Penang. The company, a joint venture (JV) between Japanese automotive giant […]

Cover Story: Creating the Silicon Valley of the East 2.0

Nov 18 – Penang is often dubbed the Silicon Valley of the East, owing to its strong and vibrant electrical and electronics (E&E) ecosystem, which has evolved from being labour-intensive and low value-added to capital-intensive, […]

Construction of NI’s New Supply Chain Distribution Hub to be Completed by Q2 2022

Nov 13 – Chief Minister Chow Kon Yeow officially launched the commencement ceremony of the construction of NI Malaysia Sdn Bhd’s new supply chain distribution hub next to its existing factory in Bayan Lepas today, after […]

ASEAN BAC Malaysia Consultation Meeting: Penang Eyes ASEAN Partnerships to Become a Green and Smart State by 2030

Nov 8 – The ASEAN Business Advisory Council (ASEAN-BAC) Malaysia held a consultation meeting with the Penang state government and state agencies on 8 November 2021 to discuss the state’s efforts in attracting foreign direct […]

Inari Amertron Hedging its Bets in China

Nov 8 – It is an open secret that Inari Amertron Bhd, the country’s largest outsourced semiconductor assembly and test (OSAT) player, has been heavily reliant on US chip giant Broadcom as its major customer. Research […]

Penang’s Vibrant Machinery & Equipment Segment Garners RM520 Million Investment Boosts from Homegrown Companies

Penang, Nov 5, 2021 – Three large local companies (LLCs), namely, Greatech Technology Berhad (Greatech), Pentamaster Corporation Berhad (Pentamaster) and UWC Berhad (UWC) are expanding their respective footprints in Penang. The three renowned companies in […]

PIE Industrial Set to Hit RM1b Revenue This Year, Eyes More Medium to High-volume Jobs

Nov 2 – Electronic manufacturing services (EMS) company PIE Industrial Bhd is on track to hit a new milestone of RM1 billion in revenue this year, supported by strong contract flows, including those from customers […]

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 […]