Globetronics to invest RM45mil in new products

According to market statistics, Globetronics Technology Bhd led the pack with the stock falling some 16%, or 85 sen, at its close.

GEORGETOWN: Globetronics Technology Bhd is allocating RM45mil this year to develop new sensor, light-emitting diode (LED) and quartz crystal timing products for smart devices, general lighting and consumer electronic products.

Group corporate manager Ng Kok Yu said after an AGM that the group would start commercial production of the new sensors next month to tap into the needs of upcoming smartphone models.