MMT, Future Hover to invest RM1bil in Negeri Sembilan semiconductor facility


Negeri Sembilan Mentri Besar Datuk Seri Aminuddin Harun (left) and Metalmach Micro Technology operation director Low Kim Yoong (right)

SEREMBAN: Local precision metal parts manufacturer Metalmach Micro Technology Sdn Bhd (MMT) and its auxiliary materials partner from China, Future Hover Industrial Co Ltd (Future Hover), will invest RM1 billion in a semiconductor plant in Negeri Sembilan.

MMT operations director Low Kim Yoong said with the cooperation and investment of both parties, export revenue of RM10 billion could be generated within the next 10 years, beginning with the completion of an all-inclusive and comprehensive factory which will soon be set up in Negeri Sembilan.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

No major change expected in chip industry post-US elections - Tengku Zafrul
Seal's unit secures RM645mil contract from Sabah Electricity
Hong Leong Asset Management appoints Chue Kwok Yan as CEO
FBM KLCI climbs 8 points as momentum builds
Chinese EV companies in negotiations to invest in Perlis
Alliance Islamic Bank teams up with Asia Carbonx to launch new green financing for SMEs
MIDF: Malaysia's passenger traffic full recovery may be delayed
HLIB Research positive on ITMAX's new contract win
Quick take: IQ Group jumps 20% in early trade
Ringgit opens higher against weakening US dollar

Others Also Read