Globetronics Partners with Invest Penang to Drive Penang Silicon Design @5km+ Initiative

Group Initiates Strategic Collaboration to Strengthen Penang’s Semiconductor Ecosystem

PENANG, 9 DECEMBER 2024 – Globetronics Technology Bhd  ("GTB" or the “Group”), an established player in the Outsourced Semiconductor Assembly and Test (“OSAT”) and semiconductor industry, is pleased to announce that Globetronics Manufacturing Sdn. Bhd. (“GMSB”), a subsidiary of GTB, has signed a Memorandum of Understanding (“MoU”) with Invest-in-Penang Berhad (“Invest Penang”) to support the Penang Silicon Design @5km+ (“PSD@5km+”) initiative. This collaboration underscores GTB’s commitment to advancing Penang’s position as a global hub for semiconductor innovation.

The PSD@5km+ initiative is a strategic program launched by the Penang State Government to enhance the semiconductor and integrated circuit (“IC”) design ecosystem. It includes the establishment of the Penang IC Design & Digital Park, the Penang Chip Design Academy, and the Silicon Research & Incubation Space, aimed at fostering innovation, talent development, and entrepreneurship within the semiconductor sector.

Under this partnership, GTB will play a pivotal role as an OSAT provider. The scope of collaboration includes supporting chip design houses with package design and process development, assembly test engineering sample builds, and qualification builds. Upon successful implementation, GTB aims to scale these efforts into mass production, solidifying its role in the region’s semiconductor supply chain.

Invest Penang will facilitate coordination between stakeholders and ensure alignment with the initiative’s objectives, leveraging its governance structure and resources to attract investment, create jobs, and cultivate a robust talent pipeline in the semiconductor industry.

The Management of GTB commented, “This collaboration with Invest Penang reflects our shared vision of positioning Penang as a global leader in semiconductor innovation. By leveraging our advanced manufacturing capabilities and expertise, we are committed to driving the PSD@5km+ initiative’s success and contributing to the growth of the local semiconductor ecosystem.”

This partnership highlights GTB’s strategic direction to innovate and expand its offerings in alignment with the region’s growing demand for advanced semiconductor solutions.