PETALING JAYA: Penang chief minister Chow Kon Yeow said today a group of companies who recently participated in Selangor’s integrated circuit design park are expected to announce their business plans in Penang tomorrow.
“The same group of people who went to Selangor are talking to Penang as well and tomorrow they will be here to announce a few investments,” Chow told reporters in George Town today.
Chow noted that Penang may not have an integrated circuit design park but that does not mean that no chip design companies are operating in the state.
He said Penang will be transformed into a global hub for technology, innovation, and creative industries before 2030.
Integrated circuits are microchips used in electronic devices, such as computers, smartphones, and televisions, to perform various functions such as processing and storing information.