Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion, and picking and choosing orders. Lee is the founder and CEO of Hotayi, whose two factories manufacture and assemble circuit boards and other electronics products. But investments largely stayed flat for more than a decade starting 2005, government data shows, as China lured away companies. Penang is starting to see a second wave of investments after so many years of having lost its shine to China.”Tourists take pictures of the skyline at The Top Komtar, in Penang, Malaysia. - ReutersMicron this year pledged to invest RM1.5 billion in Malaysia over the next five years.

Source: New Strait Times October 14, 2019 03:11 UTC