Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion, and picking and choosing orders.
But its two industrial zones have the advantage of a long-established ecosystem of suppliers and customers in one place and cheaper labour than regional rival Singapore. The two zones are connected by a 24 km bridge over the Malacca Strait. “I instead decided to go for more smart, which means more investment on IT, software. Today Hotayi is becoming more, more and more big,” he said. “Because of the trade war, customers are transferring their complete production lines from China.”
Penang shot into the limelight in 1972 when Intel built its first international manufacturing plant there. Intel was followed by many other big US names such as Broadcom, Dell and Motorola. Micron this year pledged to invest RM1.5 billion in Malaysia over the next five years. Hotayi, which spent RM1 billion to build its new facility, could spend another RM1 billion in the next one or two years to expand production, managing director Goh Guek Eng said.
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