“Penang Silicon Design @5km+” Initiative – Elevating Malaysia’s Position in the Global IC Design and AI Landscape

Spearheaded by the Penang State Government through its lead agency, InvestPenang, the “Penang Silicon Design @5km+” initiative is set to revolutionise Malaysia’s semiconductor industry and is fully aligned with the National Semiconductor Strategy (NSS).

This ground-breaking initiative marks a pivotal leap into the front-end of semiconductor value chain, accelerates the AI revolution, driving the nation to the forefront of global technology innovation.

This ambitious initiative offers a comprehensive IC design ecosystem, comprising 3 key components:

Pavilion REIT to acquires two iconic KL Hotels (that you definitely heard of)

Pavilion Real Estate Investment Trust (Pavilion REIT) has announced the proposed acquisitions of two prestigious hospitality assets in Kuala Lumpur, the Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL), in a landmark deal worth RM480 million.👀

MTrustee Berhad, acting for and on behalf of Pavilion REIT, entered into conditional sale and purchase agreements with Lumayan Indah Sdn Bhd for the acquisition of BTKL at a purchase consideration of RM140 million, and with Harmoni Perkasa Sdn Bhd for the acquisition of PHKL at a purchase consideration of RM340 million.