Mi Technovation to invest RM142mil in China's semiconductor market

KUALA LUMPUR: MI Technovation Bhd's wholly owned subsidiary, Mi Semiconductor Pte Ltd (MiSE Singapore), has entered into a US$30 million (RM142 million) investment agreement with Xiaoshan Economic and Technological Development Zone Administration Committee.

The investment involves research and development (R&D) and manufacturing facilities for power modules and devices in Xiaoshan, Hangzhou City, the company said in a Bursa Malaysia filing today.