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

Penang: The Silicon Valley of the East

May 11 – The state of Penang, nestled along the northwest coast of Peninsular Malaysia, needs no introduction in the global electronics manufacturing sector. Despite its diminutive stature with just over 1,000 square kilometers of […]

Malaysia’s Global Business Services Market to Grow to RM6b, says MDEC

May 3 – MALAYSIA is expected to grow its global business services (GBS) market size from US$1.3 billion in 2019 to US$1.5 billion (RM6.15 billion) by the end of 2024, based on a report from GlobalData […]

Malaysia is Home to Intel’s Largest Solar Farm Outside US

Apr 22 – US-based semiconductor manufacturer Intel Corp said today its Malaysian operations are now harnessing solar energy to help power its six buildings across its Kulim and Penang campus and that the project is […]

Globetronics Embarks on RM50 Million Industry 4.0 Transformation Programme for Business Sustainability

Apr 21 – Globetronics Techology Bhd., a leading miniaturised optical sensors manufacturer in Malaysia, announced the establishement of a cloud-based state-of-the-art platform through the adoption of Industry 4.0 processes in their high volume mass production […]

Relaxation of Incentive Conditions for Manufacturing and Services Projects Approved under The Purview of MIDA

Apr 6 – The Government has agreed to provide certain relaxation of conditions to manufacturing and services companies that have been approved with incentives under the purview of the Malaysian Investment Development Authority (MIDA). This […]

Greatech’s US Unit Wins Battery Purchase Order from New Electric Vehicle Customer

Apr 5 – Greatech Technology Bhd said it has secured its first purchase order in the United States from a new electric vehicle (EV) customer for equipment to produce lithium-ion battery cells. “This new order […]

Penang Strives to Drive Industry Forward

Apr 3 – Penang Chief Minister Chow Kon Yeow has stressed the importance of obtaining more industrial land to spur investments in the state. “Penang drew in RM16.9 billion of total approved manufacturing investments in […]

In-kind Donations by Boston Scientific to USM and JPN

Mar 31 – Committed in cultivating Penang’s talent pool, Boston Scientific, a world-renowned medical device manufacturer has recently contributed millions of in-kind donations to University Science Malaysia (USM) and Penang State of Education Department (JPN). […]

MIDA to Deliver Better Investor Experience with Re-engineered Processes, Launch of InvestMalaysia Portal

Mar 30 – ​The Malaysian Investment Development Authority (MIDA)’s digital transformation initiative or better known as InvestMalaysia Portal, an online application submission portal, is now open to the public. “As Malaysia is adapting to this […]

Exciting Times for Penang

Mar 29 – The Penang government will continue to focus on advanced manufacturing, besides further strengthening the industry clusters and making aggressive efforts to attract new talents to Penang this year. State Entrepreneurial Development, Trade […]

MITI Introduces Safe@Work Initiative for Close Contact Workers

Mar 18 – The international trade and industry ministry (Miti) has introduced the Safe@Work initiative for companies to isolate workers identified as close contacts of a Covid-19 case. In a statement today, senior minister Mohamed […]

Clarivate Opens Doors to Global Business Centre in Penang

Mar 13 – CLARIVATE Plc, a global leader in providing trusted information and insights to accelerate the pace of innovation, has opened the doors to its new global business centre (GBC) in Penang. The GBC […]

Penang Launches RM50m Digital Transformation Masterplan

Mar 12 – Penang Chief Minister Chow Kon Yeow today launched the Penang Digital Transformation Masterplan to ramp up the state’s technological leap forward over the next three years. The masterplan falls under the state’s […]

Company Sponsors Programme for Women

Mar 11 – Entrepreneurship among women can now reach greater heights through the ‘Women Entrepreneurship with Exabytes’ initiative by digital solutions provider Exabytes. Launched in conjunction with International Women’s Day 2021, the initiative aims to […]

Heightened Semiconductor Demand to Continue in the Long Term — Lam Research

Mar 8 – Semiconductor equipment manufacturer Lam Research Corp is expecting the current heightened demand for semiconductor chips to continue in the long term as technology becomes increasingly involved in more aspects of life, and […]

Penang’s Manufacturing Sector Gets A Shot in the Arm with New Jobs

Mar 8 – Penang’s manufacturing sector, which has not been spared the impact of the global Covid-19 pandemic, received a shot in the arm today. The Northern Corridor Implementation Authority (NCIA) via its JomKerja@NCER initiative, has […]

RCEP: Business Community Must Adopt Company-Centric Strategy

Mar 5 – While joining mega trading blocs may be the solution for companies hit by the repercussion of the Covid-19 pandemic, the business community must always adopt a company-centric strategy. Special investment advisor to […]

[Press Release] 2020 Approved Manufacturing Investments Reached RM14.1 Billion; Second Highest in the History Amidst Challenging Times

Penang garnered approved manufacturing investments of RM3.5 billion in 4Q20, bringing cumulative inflows to RM14.1 billion for 2020. Despite the many uncertainties in place, 2020’s investment achievement was the second highest in the history, reflecting […]

[Press Release] Official Launch of Penang i4.0 Seed Fund Stream #3

The third stream of a series of financial support initiated by the Penang State Government since 2018 to empower high potential technology start-ups and enhance the growth of Penang’s tech ecosystem. PENANG, Feb 26, 2021 […]

Malaysia Critical Hub for Intel’s Global Operations

Feb 12 – Malaysia has become a critical hub for Intel Corp’s global operations in delivering industry-leading products worldwide, corporate vice-president Robin Martin said. Martin, who is also managing director of Intel Malaysia, said Intel’s […]

Tech Mania amid Global Chip Shortage

Feb 1 – THE tech stock rally this month, which was particularly strong last week, should not come as a surprise to investors as many of the counters have hit all-time highs since last year’s […]

Hire Retrenched Workers and Nurture New Talents to Maintain Economic Recovery

Jan 25 – MICRON Technology Inc, a US-headquartered provider of memory and storage solutions, is committed to offering employment opportunities to Malaysian workers who have been retrenched amid the COVID-19 pandemic as well as nurturing […]

USM, Western Digital Collaborate to Establish Centre of Innovation and Automation (CiA)

Jan 15 – Universiti Sains Malaysia (USM) and Western Digital (WD) today announced a long-term collaboration to establish the Centre of Innovation and Automation (CiA), an exclusive technology hub that is focused on driving Industry […]

2020 Announcements of High Value Investments in Malaysia

MIDA has published a list of high value investments in Malaysia for 2020. There are a total of 11 projects featured, and amongst them, 7 are in Penang. Click on link below to check out […]

Greatech Plans New Factory in Batu Kawan

Jan 13 – Greatech Technology Bhd has acquired a piece of land in Batu Kawan, Penang for RM13.36mil cash, as the company seeks to relocate its plant in Lunas, Kedah to a new site closer to […]

Building Back Better: A Sustainable, Resilient Recovery for Malaysia’s E&E Industry

Dec 28 – The year 2020 has all the makings of a momentous year. The Covid-19 outbreak has sent global industries and economies into a tailspin, posted significant threats to the healthcare system, severely disrupted […]

Penang First State to Install Fibre Optic Infrastructure as Basic Utility, Says Committee Chairman

Dec 21 – Penang has emerged as the first state to enforce the installation of fibre optic communication infrastructure as a basic utility equivalent to water and electricity supplies. State Public Works, Utilities and Flood Mitigation […]

Building Tomorrow’s Talent for Industries of the Future

Dec 21 – The emergence of disruptive technologies, pursued after the Covid-19 outbreak, has intensified the world’s adoption of automation and digitalisation to embrace new ways of doing things. The pandemic has severely affected the […]

Malaysia’s 2021 Economic Recovery Underpinned by Effective Vaccine Roll-out, Says World Bank

Dec 17 – Malaysia’s economic recovery in 2021 will be underpinned by the effective roll-out of a Covid-19 vaccine, according to the World Bank Group. In a press conference following the launch of its Malaysia […]

Malaysian Companies to Leverage on Opportunities from China’s Technological Rise

Dec 17 – Deputy Minister of International Trade and Industry of Malaysia YB Datuk Lim Ban Hong calls for greater collaboration in the area of high-technologies between Malaysia and China to further strengthen bilateral trade, […]