KUALA LUMPUR: Globetronics Technology Bhd plans to allocate capital expenditure (capex) of RM120 million for the next two to three years to ensure the semiconductor firm continues moving forward, executive chairman Liaw Way Gian said.
The capex is for the upgrading of its technology and production facilities to support advanced packaging and micro-electro-mechanical systems (MEMS) technologies, as well as to meet future market demands.
Liaw said Globetronics is also adopting a comprehensive and proactive approach to securing new business opportunities and maintaining a strong growth trajectory.
"We are dedicated to cultivating and strengthening relationships with both existing and potential clients, ensuring that it remain aligned with their evolving needs and expectations," he told Business Times.
He added that the company's strategy includes exploring and forging strategic partnerships with key industry players.
"These collaborations are selected with care to ensure alignment with our long-term goals and to open up new avenues for growth. By leveraging synergies, we aim to enhance our market position and create new opportunities.
"We also place a strong emphasis on market intelligence, continuously monitoring industry trends and competitor activities. This enables us to stay ahead of potential disruptions and act swiftly on emerging opportunities, allowing us to adapt to changing conditions and seize new prospects proactively."
Founded in 1991 and listed on Bursa Malaysia since 2001, Globetronics specialises in integrated circuits assembly and testing, quartz crystal products, optoelectronics, and technical plating services.
Operating primarily in Malaysia, the company also serves markets in Southeast Asia and North America, establishing it as a notable entity in the EMS and semiconductor sectors.
Liaw said investing in cutting-edge technology and advancing the company's product offerings is also a cornerstone of Globetronics' strategy.
He noted that this allows the company to effectively meet both current and future market demands, positioning it as a leader in providing relevant and transformative solutions.