No IC design park, no problem: Kon Yeow says high-tech companies set to announce investments in Penang

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Chow Kon Yeow News

High-Tech Companies,Integrated Circuit (IC) Design Park,Investing In Penang

GEORGE TOWN, April 26 — High-tech companies that have shown an interest in Selangor’s integrated circuit (IC) design park are also in discussions to invest in Penang, said...

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Singapore’s Far East Shopping Centre tries again for en-bloc sale, some shop owners may move to Orchard Towers or retireChief Minister Chow Kon Yeow said Penang may not have an IC design park but that doesn’t mean there are no IC design companies in the state. — Bernama picGEORGE TOWN, April 26 — High-tech companies that have shown an interest in Selangor’s integrated circuit design park are also in discussions to invest in Penang, said Penang Chief Minister Chow Kon Yeow.

He said Penang may not have an IC design park but that doesn’t mean there are no IC design companies here.“We do have IC design companies in Penang, maybe spread out across different locations, not in a specific IC design park,” he said.He was responding to criticisms by his predecessor Lim Guan Eng and former deputy chief minister II P. Ramasamy that Penang had lost the opportunity to host the IC design park to Selangor which led to the state losing investment opportunities.

 

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