Penang has no need for IC park, says Chow
“Yes, we don’t have an IC park. We have a lot of IC related companies in Penang, and more will come,” he told reporters during a press conference at a hotel here on Saturday (April 27).
In response to a call by former chief minister Lim Guan Eng for the state to conduct a postmortem on it losing the IC design park to Selangor, Chow said Penang remains attractive to investors and would welcome meeting up with Lim to discuss the matter.
“I welcome it if we can meet without bothering the press to report on our responses. It’s very puzzling to investors,” Chow said.
Yesterday, Lim had questioned the state for losing the IC park to Selangor despite having more than RM2.1bil in reserves as of 2018 that could’ve been spent to woo investors and benefit from the project that would create jobs for locals.
On Monday, Prime Minister Datuk Seri Anwar Ibrahim at the KL20 Summit 2024 announced a plan for the hub under the Selangor Information Technology and Digital Economy Corporation (Sidec).
The project involves four strategic partners namely British semiconductor giant Arm Holdings, the Shenzhen Semiconductor Industry Association, Bayan Lepas-based IC designer SkyeChip Sdn Bhd and Malaysia AI Storage (MaiStorage).
Meanwhile, Chow announced that three prominent Chinese companies will join the state’s semiconductor industry.
The companies are China Wafer Level CSP Co (WLCSP), Ningbo SJ Electronics Co (SJE) and Wuxi AMTE Inc (AMTE).
“These three companies are set to bolster our growing Integrated Circuit design and advanced packaging ecosystem.
“WLCSP revolutionised the semiconductor industry by developing innovative technologies and assist its customers in implementing high-volume manufacturing of semiconductor packages.
“SJE has extensive experience in materials and equipment, as well as exceptional research and development capabilities.
“AMTE is a leading provider of produced semiconductor manufacturing apparatus in China with its main products focalising on etching and film process equipment which is widely used in the semiconductor processing,” he said.
Chow said the companies were brought in by Blue Chip Venture Capital which has played a pivotal role in attracting these strategic investments to Penang.
“The signing of a memorandum of understanding at the KL20 Summit between these three semiconductor companies has laid the groundwork for this introduction.
“Penang is indeed proud to be the chosen location for these three semiconductor businesses, which signifies the confidence that foreign investors have placed in Penang,” said Chow.
Blue Chip VC co-founder and chief executive officer Tim Chen said the collaboration marks another milestone in Penang’s semiconductor industry and would take several months before they take off.
“Together, they would create hundreds of job opportunities and involve total investments of at least USD100mil,” he said.
Also present were Oriza PE managing director Yao Hua, Gallizul Capital founder Steven Hsieh and Rigol Technologies chief executive officer Wang Ning.
News Related
-
Window opens for Zahid to ride off into the sunset – but at Anwar’s cost Sources within Umno have not ruled out strong speculation since last month about a so-called “exit plan” for Ahmad Zahid Hamidi, a move that could pave the way for his political retirement having survived more ...
See Details:
Window opens for Zahid to ride off into the sunset – but at Anwar's cost
-
Brianna Ghey died after she was found with fatal stab wounds in a park Two teenagers accused of murdering Brianna Ghey showed a “preoccupation” with “violence, torture and death”, a court has heard. The body of Brianna, 16, who was transgender, was discovered by dog walkers in a park in ...
See Details:
Murder-accused teens 'had preoccupation with torture'
-
ISLAMIC REVOLUTIONARY Guard Corps Commander-in-Cheif Major General Hossein Salami speaks at an anti-Israel protest in Tehran on Saturday. The IRGC trained Hezbollah to use human shields, say the writers. The conflict in Gaza has raised a deeply troubling issue: Reports suggest that Hamas is deliberately using civilians as shields, a ...
See Details:
A plea for Islamic voices against using human shields - opinion
-
Photo for illustration purposes only. – BERNAMA FILE PIX SHAH ALAM – The government needs to strengthen the Malaysia My Second Home (MM2H) programme, especially with the exemption of visas for Chinese and Indian citizens visiting the country starting Dec 1. Universiti Tun Abdul Razak economic expert Emeritus Professor Dr ...
See Details:
Strengthen MM2H programme, promote multiple entry visa
-
GEG element removed from anti-smoking Bill KUALA LUMPUR: The generational end-game (GEG) element has been removed from the revised Control of Smoking Products for Public Health 2023 Bill tabled for the first reading in the Dewan Rakyat on Tuesday (Nov 28). This is as the Health Ministry tries for the ...
See Details:
GEG element removed from anti-smoking Bill
-
-
-
KUALA LUMPUR (Nov 28): National carrier Malaysia Airlines Bhd has launched its year-end sale with ticket prices starting from RM79 to domestic destinations and from RM229 to international destinations, for travellers who book flights between Nov 28 and Dec 11 this year. In a statement, Malaysia Airlines said all-in one-way Economy Class ...
See Details:
Malaysia Airlines launches year-end sale
-
KUALA LUMPUR (Nov 28): National carrier Malaysia Airlines Bhd has launched its year-end sale with ticket prices starting from RM79 to domestic destinations and from RM229 to international destinations, for travellers who book flights between Nov 28 and Dec 11 this year. In a statement, Malaysia Airlines said all-in one-way Economy Class ...
See Details:
Dr M accuses govt of bribery over allocations
-
KUALA LUMPUR (Nov 28): National carrier Malaysia Airlines Bhd has launched its year-end sale with ticket prices starting from RM79 to domestic destinations and from RM229 to international destinations, for travellers who book flights between Nov 28 and Dec 11 this year. In a statement, Malaysia Airlines said all-in one-way Economy Class ...
See Details:
Malaysia to check if the Netherlands still keen to send flood experts
-
KUALA LUMPUR (Nov 28): National carrier Malaysia Airlines Bhd has launched its year-end sale with ticket prices starting from RM79 to domestic destinations and from RM229 to international destinations, for travellers who book flights between Nov 28 and Dec 11 this year. In a statement, Malaysia Airlines said all-in one-way Economy Class ...
See Details:
Appeals court to rule in Isa’s graft case on Jan 31
-
KUALA LUMPUR (Nov 28): National carrier Malaysia Airlines Bhd has launched its year-end sale with ticket prices starting from RM79 to domestic destinations and from RM229 to international destinations, for travellers who book flights between Nov 28 and Dec 11 this year. In a statement, Malaysia Airlines said all-in one-way Economy Class ...
See Details:
Elephants Trample On Axia With Family Of Three Inside
-
KUALA LUMPUR (Nov 28): National carrier Malaysia Airlines Bhd has launched its year-end sale with ticket prices starting from RM79 to domestic destinations and from RM229 to international destinations, for travellers who book flights between Nov 28 and Dec 11 this year. In a statement, Malaysia Airlines said all-in one-way Economy Class ...
See Details:
Sirul fitted with monitoring device
-
KUALA LUMPUR (Nov 28): National carrier Malaysia Airlines Bhd has launched its year-end sale with ticket prices starting from RM79 to domestic destinations and from RM229 to international destinations, for travellers who book flights between Nov 28 and Dec 11 this year. In a statement, Malaysia Airlines said all-in one-way Economy Class ...
See Details:
Nigerian airliner lands at wrong airport
OTHER NEWS
THOSE looking for fresh produce may find themselves spoilt for choice at the biggest wet market in Klang, but visitors to the place say the condition of the facilities and ...
Read more »
Olive Grove is the first-ever gated-and-guarded development in Bercham, Ipoh with 24-hour security. IPOH: YTL Land and Development Bhd announced that Phase 1 of Olive Grove is fully sold while ...
Read more »
Screenshots of a video showing a teenager pointing a knife at an elderly e-hailing driver. PETALING JAYA: Police have arrested a 13-year-old boy for holding an elderly e-hailing driver at ...
Read more »
Sprint Highway’s Semantan To KL Slip Road Fully Closed Until Dec 31 If you’re a regular user of the Sprint expressway, you’ll need to do some planning for your trips ...
Read more »
Genshin Impact Version 4.3 Leak Showcases Update to Domains New leaks reveals a quality-of-life update to Domains in Genshin Impact, making it easier for players to repeat and farm resources. ...
Read more »
CG Computers will host the Urban Republic (UR) Warehouse Clearance from 30 November to 3 December at the Atria Shopping Gallery in Petaling Jaya. During the event, visitor can get ...
Read more »
Photo for illustrative purposes only – 123RF KUALA LUMPUR – Hyperinflation has never happened in Malaysia and the government hopes it will never happen, according to the Economy Ministry. It ...
Read more »