
Coherent opens new research facility
Situated at Menara IJM Land, the Penang R&D Centre joins the company's expanding network in Malaysia, complementing its larger manufacturing sites in Ipoh, Perak and Perai, Penang, further maximising transceiver supply from Malaysian factories.
Malaysian Investment Development Authority (Mida) CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the National Semiconductor Strategy (NSS), introduced in 2024, lays out Malaysia's plan to strengthen its position in the global semiconductor supply chain.
'One of the NSS's core priorities is supporting high-value R&D and advanced technologies exactly the kind of work Coherent is doing here in Penang.
'The strategy also aims to deepen Malaysia's local capabilities in areas like chip packaging, photonics, and silicon technologies, creating the kind of ecosystem that benefits global innovators.'
Sikh Shamsul said as Coherent develops next-generation optical transceiver technologies at this new facility, it stands to gain from the strong pipeline of talent being built through the NSS.
'Mida is committed to supporting Coherent's journey not only in the past and present, but well into the future.'
Coherent vice-president and managing director Jimmy Ling said: 'Coherent Malaysia takes pride in how strategically we are positioned to support the company's overall growth.
'Our successful establishment over nearly 25 years has played a critical role in strengthening our global value chain through ongoing expansion plans, and we are confident that our footprint in Penang will spearhead innovation
in advanced photonics technology.'
Meanwhile, vice-president of engineering, Asia R&D Jimmy Wu said: 'Penang is an ideal location, thanks to its well-established high-tech industry and a strong pool of technical talent capable of supporting our R&D growth plans.'
The new centre comes equipped with impressive capabilities that put it at the forefront of optical technology, that is, next-generation silicon photonics solutions for optical transceivers; advanced development facilities for 400G, 800G, and 1.6T optical transceiver modules and specialised testing environments for AI and cloud computing applications
This expansion strengthens Coherent's ability to serve its global markets while creating valuable connections between its manufacturing sites in Ipoh and Perai and its R&D operations in Shanghai.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Express
17 minutes ago
- Daily Express
‘Expand RM100 handout coverage' call
Published on: Wednesday, July 30, 2025 Published on: Wed, Jul 30, 2025 By: Sohan Das Text Size: Pic for illustration only. LABUAN: The RM100 handout by the Madani Government to every Malaysian adult should not be restricted to the purchase of essential provisions from approved stores but include eateries. Former Labuan Indian Muslim Association President Mohd Tajudeen Mohamed said it is certainly a generous gesture by the Government and would help ease the burden of many hit by the spiralling cost of living. 'What is important is that every adult benefits, irrespective of background or financial status, meaning without discrimination and in an easy way of just scanning the MyKad.' Tajudeen, who is also vice president of the Labuan Indian Chamber of Commerce and Industry, said what had been overlooked was that there were tens of thousands of singles either working or studying outstation and living in rented rooms without a kitchen or without cooking skill except for cooking Maggie mee. He said to this category of RM100 recipients, the provisions would meaning nothing. 'They would rather prefer cooked meals of their choice and this can be available if the use of the voucher was expanded for use at selected Muslim, Chinese, Indian or any other restaurant.' He said with RM100 they could have several good meals, including meals that they miss, for up to a month. Tajudeen also said the same theory applied to those in old folks homes. 'What could they do with uncooked provisions? They would surely be happier if, instead, they could use the money to order their favourite meal from outside. 'An added advantage of expanded use of the RM100 would there will be more than one winner - both stores and restaurants. The Government gesture would score more marks from the public.' The handout under Sumbangan Asas Rahmah (sara) will be valid from Aug 31 to December, and 22 million people were entitled with 4,100 approved stores. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia


Malay Mail
an hour ago
- Malay Mail
Felda takeover of FGV to eliminate overlaps, boost efficiency, says chairman
KUALA LUMPUR, July 30 — The takeover of FGV Holdings Bhd by the Federal Land Development Authority (Felda) marks a consolidation move to strengthen its operations moving forward. Felda chairman Datuk Seri Ahmad Shabeery Cheek said the agency's structure will be realigned with FGV's to eliminate overlapping functions in the future. 'For example, both Felda and FGV have their own hospitality and cooperative departments, each with its chief operating officer (CEO). Do we need separate CEOs for each, or should there be one CEO overseeing both? 'This is an opportunity for us to reorganise and restructure Felda and FGV without being bound by Bursa Malaysia's regulations. We see this as a crucial step to pave the way for Felda to progress towards a better future,' he told Bernama yesterday. Felda acquired more than 90 per cent of FGV's shares on Tuesday through a voluntary takeover offer. This acquisition is expected to not only open the door to a more sustainable and focused Felda Group but also align with the agency's aspirations in implementing its Strategic Plan and Direction for 2025–2030. In 2020, Felda launched the takeover offer after increasing its stake in FGV from 33.66 per cent by purchasing shares from Retirement Fund (Incorporated) (KWAP), which is Malaysia's pension fund for civil servants, and Urusharta Jamaah, an asset management company wholly owned by the Minister of Finance (Incorporated), for RM658 million. FGV, a Malaysian-based global agribusiness and food company, was listed in 2012 at RM4.55 per share. It raised RM10.5 billion in one of Malaysia's largest initial public offerings (IPO). However, since then, its share price has dropped significantly. — Bernama


BusinessToday
an hour ago
- BusinessToday
Malaysia Emerging As Bright Spot For Investors Seeking Stability
Amid rising global uncertainty and geopolitical fragmentation, Asia, particularly Malaysia, is emerging as a bright spot for investors seeking both stability and growth. Franklin Templeton Institute Investment Strategist Christy Tan shared with BusinessToday that the region's capacity to adapt to a shifting world order is setting the tone for a more resilient investment landscape in the second half of 2025 (2H25). She said Malaysia, in particular, is gaining recognition for its ability to balance structural reform with economic resilience. 'The country's economy grew 4.5% year-on-year (YoY) in the second quarter of 2025 (2Q25), bolstered by robust service sector expansion (5.3%) and ongoing infrastructure development (3.8%). Notably, fiscal reforms such as the expansion of the Sales and Services Tax and the rationalisation of electricity tariffs are aimed at strengthening public finances without derailing growth. 'Malaysia is navigating external pressures with strategic domestic adjustments. Its efforts in digitisation, sustainability and special economic zones (SEZs) position it as a trade diversification hub,' Tan said to BusinessToday . Tan shared that despite foreign investors pulling RM11 billion from Malaysian equities between January and May 2025, largely due to global trade tensions, the country's defensive, high-dividend sectors remain attractive, particularly those tied to infrastructure, digital transition and fiscal spending in areas like the Johor-Singapore SEZ. Malaysia is navigating external pressures with strategic domestic adjustments, and its efforts in digitisation, sustainability and SEZs position it as a trade diversification hub Asia's Adaptive Edge Meanwhile, Tan highlighted that Asia's broader outlook is equally compelling as regional economies are realigning supply chains, deepening cross-border partnerships and accelerating digital transformation to reduce reliance on the West. While 2Q25 GDP growth benefitted from a pre-tariff export surge, Tan cautions that momentum may taper as tariff impacts begin to weigh in the coming quarters. 'Nevertheless, India remains a top conviction play for Franklin Templeton, underpinned by resilient GDP growth, formalisation trends and a booming digital economy. 'Alternatively, Japan, bolstered by a fresh US-Japan trade deal, has seen US investors inject over US$5.6 billion into its equity markets in 1H25, a fourfold jump YoY,' Tan said. Meanwhile, Tan also noted that emerging markets (EMs) across Asia offer a rare blend of yield, fundamentals and monetary flexibility. 'With global interest rates expected to ease, well-managed EM debt, particularly in countries with low external exposure, presents compelling opportunities. 'However, the need for selective and active management is needed given the uneven tariff effects and macro headwinds,' Tan said. US Markets: Rally Meets Risk While Asia offers stability, Tan shared that the US continues to present a paradox of market strength and economic fragility. 'This is evident as the S&P 500 has surged 30% from its April lows, and the Nasdaq has skyrocketed 41%, a historic rebound that has pushed valuations into stretched territory. 'The rally, however, masks underlying concerns: Inflation rebounded to 2.7% in June, and the new 15%-20% blanket tariffs on European Union imports could drive it as high as 3.3% by early 2026,' Tan said. The leadership in US equities is to broaden beyond mega-cap tech stocks, with opportunities emerging in mid- and small-caps, value sectors and global alternatives She then highlighted that the US federal debt has surpassed US$36 trillion, with annual interest costs breaching the US$1 trillion mark. At the same time, consumer spending is showing cracks and personal savings have dipped to just 4.5%, far below pre-pandemic norms. 'Investors need to remain cautious, not complacent, as we're entering an environment where risks are becoming more asymmetrical, whether it's inflation surprises, protectionist trade policies or fiscal strain,' said Tan. Navigating What's Next: Diversification and Discipline As investors look ahead, Tan shared that the key message is clear: Stay diversified, remain disciplined and don't be swayed by exuberant short-term rallies. Tan expects the leadership in US equities to broaden beyond mega-cap tech stocks, with opportunities emerging in mid- and small-caps, value sectors and global alternatives. But increasingly, the investment spotlight is shifting eastward. 'In a world of rising fragmentation and volatility, Asia, and Malaysia in particular, offers a compelling case for long-term and resilient growth,' Tan said, while emphasising that it's where adaptability meets opportunity. Related