PENANG, NEWS TODAY (5 NOV) Source here. 1) EQUIPMENT MANUFAC | Jom & Terry (KLSE Stock Sharing)

PENANG, NEWS TODAY (5 NOV)

Source here.

1) EQUIPMENT MANUFACTURERS INVEST AGGRESSIVELY.
UWC, GREATEC, PENTA collectively invest RM520 million in expansion, slated to commence in 1Q22.

2) INVESTMENT BREAKDOWN.
UWC = RM200 million.
GREATEC = RM170 million.
PENTA = RM150 million.
Total = RM520 million.

3) UWC CEO MENTIONED...
'Over a period of 3 years, UWC will be investing RM200 million, complementing our long-term plan to transform into a vertically integrated player.'

'This expansion ties with our venture into the higher end of the value chain such as front-end semiconductor, autonomous chips teseter, 5G tester and V2V tester.'

'We are optimistic with the outlook of semiconductor and life science industries to remain robust in years to come.'

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UWC notes here.

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