TECHNOLOGY companies in Penang are on the upswing despite reports of slow growth in the semiconductor sector. Some of these companies have swung into high gear on their imagination and creativity, breaking into new technologies, products and markets.
One is Mems Technology Bhd (Memstech). Although it is listed on the Mesdaq market, it is by no means a small company – it has a market capitalisation of more than RM600mil. Fund managers appreciate its products and cutting-edge technologies.