Kindly be informed that InvestPenang team continues to work from home and is reachable via emails. Please refer to our respective emails at
Should you need to meet up , we are conducting our meetings virtually. You may connect with us for further arrangements.


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

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 […]

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, […]