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Malaysia set to become preferred location for semiconductor industry

KUALA LUMPUR: Malaysia is poised to become the preferred location for international companies looking to expand their semiconductor businesses, especially in the wafer fabrication (fab) industry.

Opportunities in semiconductor

MALAYSIA is among one of the larger semiconductor markets in the world. But there is room for the local industry to further develop its capabilities in the area of design works to remain competitive amid slowing global sales.

Japan’s Renesas to buy US chipmaker IDT for US$6.7bil

TOKYO: Japanese chipmaker Renesas Electronics Corp said it had agreed to buy US peer Integrated Device Technology (IDT) Inc for about US$6.7bil, aiming to boost its expertise in self-driving car technologies.

MI EQUIPMENT POSITIONED FOR BIGGER GROWTH

KUALA LUMPUR: In the semiconductor business, things are changing so fast that no one can afford to miss any new technology or critical development, lest one gets left far behind the curve.

Mi Equipment gets nod to list on Main Market

KUALA LUMPUR: Mi Equipment Holdings Bhd, an equipment manufacturer of wafer level chip scale packaging (WLCSP) sorting machines for the semiconductor industry, has received the nod from the Securities Commission Malaysia for its initial public offering (IPO) and listing on the Main Market of Bursa Malaysia.

Penang-born Tan behind US$100b company moving to US

KUALA LUMPUR: Singapore is no doubt feeling the pinch of recent news that Broadcom Ltd will be relocating its legal address to the US.

Six self-driving unicorns top US$1bil in valuation

In a crowded field of more than 240 startups in self-driving cars, six companies – four of them in Silicon Valley – have achieved unicorn status, with valuations of US$1bil (RM4.24bil) or more.

Fitbit rises on purported bid, company says received no offer

Shares of Fitbit Inc jumped as much as 8% after a previously unknown entity calling itself ABM Capital Ltd said it had offered to buy the wearable device maker but gave up some of those gains after the company denied receiving any offer.

Apparent fake filing says artist bought $88 billion of Bank of America stock

(Reuters) - In the latest apparent spoof on a U.S. securities regulator's online filing system, a Chicago-area artist with a fondness for inspirational quotes claimed to have acquired about $88 billion worth of Bank of America Corp shares on Wednesday.

Expansion amid global uncertainty

GEORGE TOWN: Not all electronic and semiconductor companies in Penang are impacted by the global slowdown and are implementing retrenchment exercises.