KUALA LUMPUR: 3REN Bhd' wholly-owned subsidiary Sophic Automation Sdn Bhd has entered into a memorandum of understanding (MoU) with invest-in-Penang Bhd (Invest Penang) for the acceptance of an incentive package in the form of financial subsidies and resources.
Invest Penang is a wholly-owned subsidiary of the state government of Penang and serves as the project lead for the “Penang Silicon Design @5km+” initiative to build upon Penang as a leading hub for semiconductor and integrated circuit design in Malaysia.
