Ongoing sale: The SilTerra Malaysia plant in Kulim Hi-Tech Park in Kedah. The asset’s majority ownership ought to be kept local, the thinking goes, so as to ensure some level of national development is ensured.
Transparency needed in decision on Silterra sale
TOUGH negotiations must be ongoing in the bidding process for the sale of semiconductor fabricating company SilTerra Malaysia Sdn Bhd. This is a sale process that began last year and which reportedly saw the entry of some big foreign names previously.
However, the foreign parties were later believed to be excluded from the bidding, as SilTerra was a government-funded national project to move Malaysia higher up the semiconductor value chain.
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