The assembly plant, located on a 52.6-acre site, will be completed in 2020 with an investment of US$356.6 million over five years.
Enters into strategic cooperation with Malaysian firms.
Provides local companies with a structured approach to digital transformation.
Will support the company’s businesses across the region by providing leadership, local and timely decision-making and the capability to deliver innovative, specific solutions.
UOB Malaysia said that the number of its overseas clients, especially those from the electronics and semiconductor industries, investing in Penang will increase by 30% over the next 12 months.
GE has announced the launch of Predictivity, its portfolio of Industrial Internet solutions, and also launched its KL-based oil and gas monitoring and diagnostics facility, the iCenter, one of three global centres set up in different time zones to ensure 24x7 monitoring and diagnostics services for its installed fleet of turbomachinery for customers throughout the world.
Soft Space International, whose mobile point of sale solution has been adopted by some of the major banks in the region, has been approved for a 1:1 matching grant worth RM18.4 million (US$5.6 million) by the Malaysian Investment Development Authority, a boost to the company's efforts to become a 'payment innovator.'
Schneider Electric has officially launched its subsidiary Gutor’s second manufacturing facility in Shah Alam in the central Malaysian state of Selangor, an RM10-million (US$3.1-million) expansion of the latter’s Asia Pacific headquarters.
It was the hot startup of its era, but pioneering semiconductor player Globetronics, with an unbroken string of profitable quarters since its inception in 1991, doesn't look like slowing down yet. In fact, it is aiming to be a billion-ringgit revenue company by 2016.
The Creative Product Development Program for Malaysian designers was launched recently with five industry partners and the Malaysian Investment Development Authority. Karamjit Singh examines the implications and the promise.