Gan says that as technologies advance, the demand for semiconductor manufacturing facilities remains strong.Integrated engineering solutions provide Kelington Group Bhd is taking a step forward in its global growth strategy by expanding into Germany and Hong Kong.
CEO Raymond Gan said, “The semiconductor industry outlook is bright. Chipmakers are aggressively expanding production capacity to meet surging demand for chips, driven by factors like geopolitical diversification and the need for advanced technologies like artificial intelligence, internet of things, electric vehicles and Industry 4.0.”
“After a contraction in 2023 due to the cyclical nature of the industry, semiconductor manufacturing equipment growth is expected to resume in 2024, with sales expected to strongly rebound in 2025. This is driven by capacity expansion, new fab projects, and high demand for advanced technologies and solutions across the front-end and back-end segments,” said Gan.
“Leveraging on the group’s track record of completing successful projects for leading multinational clients in Malaysia, Singapore, China and Taiwan, we are well-positioned to attract new clients in Germany and Hong Kong as well as to serve existing clients who are expanding their manufacturing footprint in these regions,” Gan remarked.
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