Investment from Lam Research – A Significant Boost to Penang’s E&E Ecosystem
Lam Research’s strategic investment in an advanced technology production facility is a significant boost to Penang’s electronics and electrical (E&E) ecosystem, and elevates Penang’s status in the world map of the semiconductor industry. A Fortune 500 company, Lam Research is a global innovative wafer fabrication equipment (WFE) player. With a revenue CAGR of 14% in […]
[Press Release] Lam Research’s Investment further elevates Penang’s Position in the Regional E&E Industry
A global supplier of wafer fabrication equipment and services, the company’s investment would have far-reaching impacts on Penang, especially on enhancing the E&E ecosystem and supply chain localization opportunities, uplifting the workforce’ skillsets and economic spill-over effect. PENANG, Feb. 5, 2020 – The Penang state government is pleased to announce that Lam Research Corporation, a […]
[Press Release] Various Initiatives to Navigate through Challenging Environment
After a rosy performance in 2019, Penang’s investment momentum is expected to be at a slower pace in 2020. Working together with the federal government, the Penang State government has strategized to face the challenges ahead and is committed to bringing in strategic investments that will create high value job opportunities. Penang, Jan 2, 2020 […]
[Press Release] Penang Recorded RM13.3 Billion of Total Approved Manufacturing Investment in Jan-Sep 2019
Penang attracted RM13.3 billion of total approved manufacturing investment in Jan-Sep 2019, up 247% year-on-year and has surpassed 2018’s full year amount of RM5.8 billion. Penang contributed 23% of Malaysia’s total manufacturing investment in Jan-Sep 2019, which is the second highest among the states. Penang, December 3, 2019 – Penang continues to record robust approved […]
National Instruments in RM170m expansion of Penang ops
Thursday, 21 Nov 2019 12:26 PM MYT BY OPALYN MOK GEORGE TOWN, Nov 21 — National Instruments (NI) announced a US$40 million (RM170 million) expansion of its facility in Penang today. NI chief executive officer Alex Davern said this would include a second building next to its existing plant. “The new expansion will open up […]
The Trade War May Help Penang Return to Its Glory Days
The Malaysian state’s electronics industry thrives as Chinese manufacturers seek neutral territory. By Michelle Jamrisko and Anisah Shukry Penang’s pastel-hued, colonial-era buildings speak to the Malaysian island’s history as a key trading post for the East India Company, when spices filled its warehouses and the British and Dutch vied for dominance in the region. Today, […]
[Press Release] Smith+Nephew chooses Penang, Malaysia for new high technology manufacturing facility
British company expects to create up to 800 new jobs over the next five years PENANG, Nov. 19, 2019 – The Penang government and Smith+Nephew, the global medical technology business, are pleased to announce that Batu Kawan Industrial Park at Penang, Malaysia, has been selected as the location for a new Smith+Nephew high technology manufacturing […]
Trade war rejuvenates ‘Silicon Valley’ firms in Malaysia
PENANG, Malaysia (Reuters) – Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion, and picking and choosing orders. Lee is the founder and CEO of Hotayi, whose two factories manufacture and assemble […]
Chow leads Penang delegation to Armenia for WCIT 2019
GEORGE TOWN: Penang Chief Minister Chow Kon Yeow will be leading a state delegation to the 23rd World Congress on Information Technology (WCIT) 2019 at Yerevan, Armenia, from Oct 6 – 9. According to a statement by the Penang2030 unit, the highlight of the working trip will be the passing of the WCIT torch by […]