Latest news with #DNeX
Time of India
3 days ago
- Business
- Time of India
Tata Electronics eyes Malaysia foray via chip fab acquisition
Tata Electronics is in talks with several global semiconductor companies including X-Fab , DNeX and Globetronics to acquire a fabrication or outsourced semiconductor assembly and test (OSAT) plant in Malaysia, according to people in the know. The move is aimed at bolstering the Tata Group company's knowledge and talent base before entering the semiconductor assembly and packaging business in India. KC Ang, who was appointed president and head of Tata Semiconductor Manufacturing in April this year, is driving these acquisition efforts, the people said. 'Globetronics and DNeX's SilTerra facility are among the front runners to be acquired by Tata Electronics,' said one of the people. Tata Electronics is investing more than Rs 91,000 crore to set up a semiconductor fab unit at Dholera, Gujarat, and Rs 27,000 crore in an OSAT facility at Assam's Morigaon. "Running a fab is not going to be simple and Tata Electronics is aware of that," a second person said. "These potential acquisitions are being explored in Malaysia because it is one of the most economical options and talks have been going on with different players since April this year,' this person said. 'For the Tatas, it represents an opportunity to get the knowhow on how to run a fab or advanced packaging facility while also providing a training ground for Indian talent to learn how to run these high-tech facilities." Queries sent to Tata Electronics, X-Fab, DNeX and Globetronics remained unanswered as of press time Monday. Semicon hub Malaysia's expertise in assembly, testing, marking and packaging (ATMP) along with its mature ecosystem, abundant skilled workforce, robust supply chain and government support make it a preferred destination, according to analysts. "If Tata were to have a partnership or presence in Malaysia, it would enable Tata to develop expertise in ATMP, and it would complement the wafer fabrication and OSAT (operations) in India," Counterpoint Research senior analyst Parv Sharma said. 'It would also de-risk Tata from current semiconductor tariffs and provide a risk-free supply chain to serve a wider customer base globally," he added. Also, the Malaysian government's National Semiconductor Strategy, announced in May 2024, offers a significant incentive structure to attract investments. Indian companies are aiming to acquire manufacturing grade technology (MGT) from Malaysia for OSAT projects in particular, as it is the longstanding hub for both legacy and advanced packaging. "MGT can only come from an established player in the semiconductor industry who has IP defensibility for its technology and has the legal rights to license it to India," consultancy firm Fab Economics' CEO Danish Faruqui said. Malaysia holds 13% of the global market for chip packaging, assembly and testing services, as per a February 18 report by the Malaysian Investment Development Authority. Ripe for acquisition Typically, semiconductor businesses that are financially stressed and are looking to get a boost by licensing technology and/or expanding packaging capacity with new partners, are the most preferred targets by Indian players. "Globetronics, an OSAT player from Penang, Malaysia, has suffered multiple financial blows as recently as in 2024,' said Faruqui. Key public and private stakeholders had rolled back their positions in the company, necessitating boardroom changes and strategies for new partnerships and revenue streams, he added. As per Fab Economics, DNeX's SilTerra facility in Kulim is also being deemed a 'lucrative target' for Indian players for low-cost, high-fidelity technology licensing on the fabrication side. SilTerra is a semiconductor wafer foundry offering fabrication and design support services for integrated chips in various technologies. DNeX acquired a 60% stake in SilTerra in 2021 while the remaining 40% was acquired by Beijing-based Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Centre (CGP Fund), which is a Chinese investment fund focused on the semiconductor industry. The total acquisition cost was 273 million Malaysian ringgit (about $64 million now). X-Fab is a German specialty foundry group that has six wafer fabs located in Malaysia, Germany, France and the US. Located in Kuching, the capital city of Sarawak, the X-Fab facility in Malaysia manufactures wafers on modular CMOS technologies in geometries ranging from 350 nm to 180 nm. CMOS (Complementary Metal-Oxide-Semiconductor) is a type of technology used in computer processors, memory chips, and other electronic components.
Time of India
3 days ago
- Business
- Time of India
Tata Electronics eyes Malaysia foray via chip fab acquisition
Tata Electronics is in talks with several global semiconductor companies including X-Fab , DNeX and Globetronics to acquire a fabrication or outsourced semiconductor assembly and test (OSAT) plant in Malaysia, according to people in the know. The move is aimed at bolstering the Tata Group company's knowledge and talent base before entering the semiconductor assembly and packaging business in India. KC Ang, who was appointed president and head of Tata Semiconductor Manufacturing in April this year, is driving these acquisition efforts, the people said. 'Globetronics and DNeX's SilTerra facility are among the front runners to be acquired by Tata Electronics,' said one of the people. Tata Electronics is investing more than Rs 91,000 crore to set up a semiconductor fab unit at Dholera, Gujarat, and Rs 27,000 crore in an OSAT facility at Assam's Morigaon. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký "Running a fab is not going to be simple and Tata Electronics is aware of that," a second person said. ETtech Live Events "These potential acquisitions are being explored in Malaysia because it is one of the most economical options and talks have been going on with different players since April this year,' this person said. 'For the Tatas, it represents an opportunity to get the knowhow on how to run a fab or advanced packaging facility while also providing a training ground for Indian talent to learn how to run these high-tech facilities." Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Queries sent to Tata Electronics, X-Fab, DNeX and Globetronics remained unanswered as of press time Monday. Semicon hub Malaysia's expertise in assembly, testing, marking and packaging (ATMP) along with its mature ecosystem, abundant skilled workforce, robust supply chain and government support make it a preferred destination, according to analysts. "If Tata were to have a partnership or presence in Malaysia, it would enable Tata to develop expertise in ATMP, and it would complement the wafer fabrication and OSAT (operations) in India," Counterpoint Research senior analyst Parv Sharma said. 'It would also de-risk Tata from current semiconductor tariffs and provide a risk-free supply chain to serve a wider customer base globally," he added. Also, the Malaysian government's National Semiconductor Strategy, announced in May 2024, offers a significant incentive structure to attract investments. Indian companies are aiming to acquire manufacturing grade technology (MGT) from Malaysia for OSAT projects in particular, as it is the longstanding hub for both legacy and advanced packaging. "MGT can only come from an established player in the semiconductor industry who has IP defensibility for its technology and has the legal rights to license it to India," consultancy firm Fab Economics' CEO Danish Faruqui said. Malaysia holds 13% of the global market for chip packaging, assembly and testing services, as per a February 18 report by the Malaysian Investment Development Authority. Ripe for acquisition Typically, semiconductor businesses that are financially stressed and are looking to get a boost by licensing technology and/or expanding packaging capacity with new partners, are the most preferred targets by Indian players. "Globetronics, an OSAT player from Penang, Malaysia, has suffered multiple financial blows as recently as in 2024,' said Faruqui. Key public and private stakeholders had rolled back their positions in the company, necessitating boardroom changes and strategies for new partnerships and revenue streams, he added. As per Fab Economics, DNeX's SilTerra facility in Kulim is also being deemed a 'lucrative target' for Indian players for low-cost, high-fidelity technology licensing on the fabrication side. SilTerra is a semiconductor wafer foundry offering fabrication and design support services for integrated chips in various technologies. DNeX acquired a 60% stake in SilTerra in 2021 while the remaining 40% was acquired by Beijing-based Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Centre (CGP Fund), which is a Chinese investment fund focused on the semiconductor industry. The total acquisition cost was 273 million Malaysian ringgit (about $64 million now). X-Fab is a German specialty foundry group that has six wafer fabs located in Malaysia, Germany, France and the US. Located in Kuching, the capital city of Sarawak, the X-Fab facility in Malaysia manufactures wafers on modular CMOS technologies in geometries ranging from 350 nm to 180 nm. CMOS (Complementary Metal-Oxide-Semiconductor) is a type of technology used in computer processors, memory chips, and other electronic components.
New Straits Times
30-05-2025
- Business
- New Straits Times
HLIB drops DNeX coverage, flags softer outlook for energy segment
KUALA LUMPUR: Hong Leong Investment Bank Bhd (HLIB Research) has ceased coverage of Dagang NeXchange Bhd (DNeX) due to internal resource reallocation. The firm said as such, its previous forecasts, recommendations and target price should no longer be relied upon as a reference going forward. On outlook, HLIB Research said DNeX's energy segment is expected to record a sequential earnings decline in the second quarter of 2025 (2Q25), due to easing crude oil prices, driven by US Liberation Day tariffs and OPEC's aggressive output expansion. It added that the group's subsidiary, SilTerra Malaysia Sdn Bhd, returned to positive Ebitda this quarter, driven by improved wafer shipments and blended average selling prices in the emerging technology segment. This was underpinned by efforts in staff rationalisation and the growing contribution from emerging technology, particularly silicon photonics, which typically yields higher margins. "Nonetheless, we believe SilTerra will remain in red in the near-term as its utilisation rate is unlikely to go above 80 per cent, given the cloudy semiconductor outlook due to the rising trade tensions," it noted. For the first quarter ended March 31, 2025 (1Q25), DNeX registered a core net profit of RM17.8 million, which HLIB Research deemed broadly in line with its FY25 forecasts, accounting for 22 per cent of the full-year estimate. However, the group posted a net loss of RM79.04 million for the quarter, compared with a net profit of RM14.46 million a year earlier, mainly due to higher interest expenses. Quarterly revenue declined by 4.19 per cent to RM296.83 million, from RM309.82 million in 1Q24. The decrease was primarily attributed to weaker contributions from the energy and information technology segments, which offset gains in the technology segment.
The Sun
21-05-2025
- Business
- The Sun
DNeX, Turkiye's Havelsan leverage each other's strength to develop, market advanced digital solutions
LANGKAWI: Dagang NeXchange Bhd (DNeX) is forming a strategic partnership with Turkish Armed Forces Foundation's Havelsan Hava Elektronik Sanayi, a company that provides high-technology, software-intensive products, solutions and services for both domestic and international markets. Together, the companies will develop and market advanced digital solutions for Malaysia's and Türkiye's public and private sectors by leveraging each other's key strengths. The partnership will significantly boost DNeX's digital capabilities by providing access to top-tier technologies, especially in critical areas such as mission-critical systems, data analytics, cybersecurity and enterprise digital platforms. It positions DNeX as a leader in Malaysia's digital transformation initiatives, particularly in high-security sectors. At the same time, Havelsan can leverage DNeX's trade facilitation solutions and its in-house developed artificial intelligence solutions that can be marketed to Türkiye's public and private sectors. The parties will jointly develop and market Havelsan's Kovan enterprise resource planning solution, including joint business process re-engineering of the product to ensure adaptability within Malaysia's enterprises and organisations. The heads of agreement were signed by DNeX non-independent non-executive chairman Tan Sri Syed Zainal Abidin Syed Mohamed Tahir and Havelsan CEO Dr Mehmet Akif Nacar at the Langkawi International Maritime and Aerospace Exhibition 2025 (Lima 2025). The signing ceremony was attended by Defence Industry Agency of Türkiye president Prof Dr Haluk Görgün and Turkish ambassador to Malaysia Emir Salim Yuksel. Havelsan, a leading software and systems company under the Turkish Armed Forces Foundation, offers cutting-edge global solutions in the defence and IT industries. With a wide array of services, it excels in providing advanced technology for defence, simulation and training systems, autonomous unmanned systems, information and communication technologies and cybersecurity. DNeX Group CEO Faizal Sham Abu Mansor said this alliance is a crucial advancement in enhancing the company's role as a provider of digital solutions for Malaysia's public and private sectors while bringing DNeX's technical know-how to Türkiye. 'This partnership enables us to bring cutting-edge IT capabilities to Malaysian organisations, helping them improve operational efficiency and adopt data-driven decision-making strategies. It fits perfectly with our strategy to expand our presence in sectors where security, reliability, and performance are crucial. 'Additionally, we can partner with a very strong and trusted entity to further develop and market our Trade Facilitation Services to Türkiye and the surrounding region,' he said. Mehmet said Havelsan is thrilled to introduce advanced technological expertise and global experience to Malaysia through this partnership with DNeX. 'This collaboration underscores our dedication to supporting digital transformation in key sectors. We are confident that our innovative solutions will significantly enhance Malaysia's digital ecosystem, strengthening economic and technological bonds between our countries,' he added. The partnership aligns with DNeX's goal to become a top provider of state-of-the-art solutions for Malaysia's digital transformation, enhancing the country's digital ecosystem with advanced technologies.
The Star
14-05-2025
- Business
- The Star
Trading ideas: Nestcon, DNeX, Uzma, Peterlabs, DKSH, OMH, Keyfield
KUALA LUMPUR: Stocks to watch today include Nestcon Bhd , Dagang Nexchange Bhd (DNeX), Uzma Bhd , Peterlabs Holdings Bhd , DKSH Holdings (M) Bhd , OM Holdings Ltd (OMH) and Keyfield International Bhd. Nestcon's Nestcon Borneo Sdn Bhd (NBSB), has received a RM44.12mil contract from Matrix Excelcon Sdn Bhd for site clearing and earthworks in Labu, Negri Sembilan. DNeX, via its subsidiary Dagang Net Technologies Sdn Bhd, has secured contracts worth US$1.8mil to provide site facilitation and supply of technical and technological equipment at six international sites in Malaysia, Indonesia, and Turkiye. Uzma's wholly owned subsidiary, Uzma Engineering Sdn Bhd, has secured a contract from PETRONAS Carigali Sdn Bhd for the provision of electric wireline cased-hole services. Peterlabs has suspended its executive director, Datuk Loh Saw Foong from his duties, executive functions and roles with immediate effect for two weeks, pending the outcome of an internal investigation. In the 1Q25 ended March 31, DKSH's net profit rose 19% y-o-y to RM48.2mil or 30.56 sen per share, on sales growth, improved cost efficiencies and favourable foreign exchange gains. Its revenue for the quarter rose 7.1% to RM2.22bil from RM2.07bil in 1Q24. OMH's subsidiary, OMH (Mauritius) Corp, has signed a conditional agreement with Exxaro Resources Ltd to sell its 26% stake in Ntsimbintle Mining for approximately US$101.4mil. Keyfield has secured a work order from PETRONAS Carigali Sdn Bhd to provide an accommodation work boat for offshore operations, as part of a panel contractor contract for offshore support vessel services.
