A facility opening in Penang by Galatek Technologies marks the first phase of up to US$100 million in planned investment, underscoring growing investor confidence in Malaysia’s high-technology manufacturing ecosystem.
The facility launch was led by portfolio investor Granite Asia, a pan-Asia investment platform with over US$10 billion in assets under management, together with semiconductor and artificial intelligence (AI) equipment provider Galatek Technologies, and co-hosted with InvestPenang.
The new Penang site represents an initial investment of about US$2 million and is expected to scale to US$60 million over the next three years, with total investment targeted at US$100 million within five years. The facility is also projected to create up to 100 jobs as production expands.
The site will function as a regional production and delivery hub for semiconductor equipment, advanced electronics, life sciences and sustainable energy applications across Southeast Asia and international markets.
Granite Asia senior managing partner Jenny Lee said demand for AI-enabled semiconductor and advanced manufacturing equipment is reaching an inflection point, adding that Galatek is positioned to benefit from this structural shift.
