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Local companies specialising in the back-endsemiconductor business are diversifying intoother sectors due to uncertainties in the semiconductorindustry
DURING an EGM in Penang last Friday, unnoticed by market watchers in the Klang Valley, there was a tense struggle for dominance in that meeting.
Pentamaster Corp, a local company providing advanced automation solutions and services to the semiconductor industry, aims to achieve RM400mil revenue in 10 years, chief executive officer Chuah Choon Bin said.
Pentamaster Corp Bhd expects to benefit from the turnaround in the semiconductor industry, where the share prices of its peers such as Unisem (M) Bhd and Globetronics Technology Bhd have shot up by 10%-30% in three months.
After months of trials and fine-tuning, Pentamaster Corp Bhd is ready to manufacture its computerised testing and measurement system in August.
I>invest/I>Penang, the state's investment arm, will promote aggressively the local small- and medium-sized industries (SMIs) involved in manufacturing automated equipment in overseas markets this year.
Embattled Penang municipal councillor Datuk Ahmad Ismail is not a bankrupt following a court order on Wednesday.