Edelteq Holdings Bhd has announced the creation of Halovision System Sdn Bhd, a joint venture (JV) with Halo Technologies Sdn Bhd (HTSB), to develop and commercialise advanced automated optical inspection systems for the global semiconductor industry.
Kumpulan Modal Perdana Sdn Bhd (KMP), a tech-focused venture capital arm of the Finance Ministry (MOF), will invest up to RM3.2 million in Halovision to fast-track the development of the Raptor and i-Falke inspection series, while also providing for working capital requirements.
“This partnership is a strong vote of confidence in Halovision’s technology and vision. With KMP’s strategic backing, we aim to accelerate product development and position Malaysia as a key contributor to the next wave of semiconductor innovation,” Edelteq Group CEO Chin Yong Keong said.
Meanwhile, Halovision System CEO John Moon said with the combined strengths of Edelteq, HTSB and KMP, the JV is capable of bringing cutting-edge solutions like the Raptor and i-Falke series to market and establishing Halovision as a trusted technology partner globally.
Overall, the creation of Halovision comes at a pivotal moment as Malaysia seeks to strengthen its role in the semiconductor ecosystem. The collaboration between a listed company, a homegrown tech partner and a government-owned venture capital firm reflects alignment with the National Semiconductor Strategy, aimed at cultivating local talent, upgrading the value chain and positioning Malaysia as a high-tech hub.
“This is more than just capital deployment. It’s a strategic collaboration to accelerate industry advancement and ensure Malaysia plays a pivotal role in the global semiconductor ecosystem,” Chin emphasised.
