Latest news with #FerrotecPowerSemiconductorMalaysiaSdnBhd
The Sun
3 days ago
- Business
- The Sun
Ferrotec's RM550m Johor investment to boost RM600m annual exports
PASIR GUDANG: China-based semiconductor firm Ferrotec has completed its RM550 million investment in Johor through subsidiary Ferrotec Power Semiconductor Malaysia Sdn Bhd. The project is expected to generate RM600 million in annual exports, reinforcing Malaysia's position in high-tech manufacturing. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz highlighted the project's economic impact. He stated that the investment has created 396 new job opportunities for locals. Ferrotec is also collaborating with 35 local vendors, enhancing Malaysia's SME ecosystem. Tengku Zafrul emphasised the government's role in driving transformative investments. He said the project reflects the MADANI government's commitment to advancing Malaysia's economic and technological growth. - Bernama
Daily Express
24-04-2025
- Business
- Daily Express
Johor gets RM23 billion in April investments, 80pc from foreign sources including Singapore, China
Published on: Thursday, April 24, 2025 Published on: Thu, Apr 24, 2025 By: Bernama Text Size: Johor executive councillor Lee Ting Han speaks to the media after officiating the launch of Ferrotec Power Semiconductor Malaysia Sdn Bhd at the Pasir Gudang industrial zone yesterday. — Bernama pic Pasir Gudang: Foreign direct investment (FDI) remained the primary source of new investment in Johor, accounting for about 80 per cent of the RM23 billion in proposed investments recorded in April. Johor investment, trade, consumer affairs and human resources committee chairman Lee Ting Han said the trend followed a strong first-quarter performance, during which FDI made up nearly 90 per cent of the RM27.4 billion in new investments secured by the state. He said nearly all the investments were located in the Johor-Singapore Special Economic Zone (JS-SEZ), with key sectors including petrochemicals, advanced manufacturing, and data centres. 'The main sources of investment in Johor at the moment are certainly Singapore, China and Japan,' Lee told reporters after the completion and commissioning ceremony of the Ferrotec Power Semiconductor Malaysia Sdn Bhd factory here yesterday. The event was officiated by Menteri Besar Datuk Onn Hafiz Ghazi. Lee said the state government was also working to boost domestic investment by encouraging partnerships between local companies and multinational corporations (MNCs). 'Any local companies that are interested can be matched with MNCs entering Johor to further strengthen domestic participation,' he said. Ferrotec Power Semiconductor Malaysia is a subsidiary of China-based Jiangsu Ferrotec Semiconductor Technology Co Ltd. The company invested approximately RM650 million to build the factory, which specialises in the production of ceramic substrates for power semiconductor modules. Once fully operational, the factory is expected to generate an annual output valued between RM658 million and RM878 million. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * 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
The Sun
24-04-2025
- Business
- The Sun
FDI drives 80% of Johor's new investment in April
PASIR GUDANG: Foreign direct investment (FDI) remained the primary source of new investment in Johor, accounting for about 80 per cent of the RM23 billion in proposed investments recorded in April. Johor investment, trade, consumer affairs and human resources committee chairman Lee Ting Han said the trend followed a strong first-quarter performance, during which FDI made up nearly 90 per cent of the RM27.4 billion in new investments secured by the state. He said nearly all the investments were located in the Johor-Singapore Special Economic Zone (JS-SEZ), with key sectors including petrochemicals, advanced manufacturing, and data centres. 'The main sources of investment in Johor at the moment are certainly Singapore, China and Japan,' Lee told reporters after the completion and commissioning ceremony of the Ferrotec Power Semiconductor Malaysia Sdn Bhd factory here yesterday. The event was officiated by Menteri Besar Datuk Onn Hafiz Ghazi. Lee said the state government was also working to boost domestic investment by encouraging partnerships between local companies and multinational corporations (MNCs). 'Any local companies that are interested can be matched with MNCs entering Johor to further strengthen domestic participation,' he said. Ferrotec Power Semiconductor Malaysia is a subsidiary of China-based Jiangsu Ferrotec Semiconductor Technology Co Ltd. The company invested approximately RM650 million to build the factory, which specialises in the production of ceramic substrates for power semiconductor modules. Once fully operational, the factory is expected to generate an annual output valued between RM658 million and RM878 million.
Malay Mail
24-04-2025
- Business
- Malay Mail
Johor gets RM23b in April investments, 80pc from foreign sources including Singapore, China
PASIR GUDANG, April 24 — Foreign direct investment (FDI) remained the primary source of new investment in Johor, accounting for about 80 per cent of the RM23 billion in proposed investments recorded in April. Johor investment, trade, consumer affairs and human resources committee chairman Lee Ting Han said the trend followed a strong first-quarter performance, during which FDI made up nearly 90 per cent of the RM27.4 billion in new investments secured by the state. He said nearly all the investments were located in the Johor-Singapore Special Economic Zone (JS-SEZ), with key sectors including petrochemicals, advanced manufacturing, and data centres. 'The main sources of investment in Johor at the moment are certainly Singapore, China and Japan,' Lee told reporters after the completion and commissioning ceremony of the Ferrotec Power Semiconductor Malaysia Sdn Bhd factory here yesterday. The event was officiated by Menteri Besar Datuk Onn Hafiz Ghazi. Lee said the state government was also working to boost domestic investment by encouraging partnerships between local companies and multinational corporations (MNCs). 'Any local companies that are interested can be matched with MNCs entering Johor to further strengthen domestic participation,' he said. Ferrotec Power Semiconductor Malaysia is a subsidiary of China-based Jiangsu Ferrotec Semiconductor Technology Co Ltd. The company invested approximately RM650 million to build the factory, which specialises in the production of ceramic substrates for power semiconductor modules. Once fully operational, the factory is expected to generate an annual output valued between RM658 million and RM878 million. — Bernama
