Globetronics sets up RM50m cloud-based platform to integrate Industry 4.0 into supply chain
21 Apr 2021
KUALA LUMPUR (April 21): Miniaturised optical sensors manufacturer Globetronics Technology Bhd has established a cutting-edge, cloud-based platform through the adoption of Industry 4.0 processes into their high-volume mass production operations at a cost of RM50.2 million.
According to a joint statement issued by the company and the Malaysian Investment Development Authority (MIDA), Globetronics will incorporate Artificial Intelligence (AI), big data analytics and extended reality (AR + VR) into its end-to-end intelligent supply chain and manufacturing which enables higher levels of customisation, shorter cycle times and superior quality traceability for a diversified product portfolio and dynamic customer needs.
“In line with the government’s aspiration to spearhead rapid digital transformation in the manufacturing sector, Globetronics’ expansion will pave the way for enhancement in productivity, job creation and deepening the Malaysians skill set by leveraging on cutting-edge technology and emerging AI capabilities,” said MIDA chief executive officer Arham Abdul Rahman.
“The introduction of Industry4WRD policy served as a strategic direction for Malaysia to fully embrace Industry 4.0, including smart manufacturing and smart cities, smart grids, as well as smart solutions. While digitalisation is the antidote for business survival and growth in innovation-led value creation, Globetronics’ Industry 4.0 adoption will complement the electrical and electronics industry by producing advanced semiconductor photonic products through the utilisation of autonomous robots and smart manufacturing,” he added.
The new platform will prepare for the next-generation semiconductor wafer-level packaging technology, including the 2.5D, where the stacking of dies will be replaced by flip-chip on a silicon interposer.
At noon break, Globetronics’ share prices fell by 7.33% or 20 sen to RM2.53, while its market capitalisation is at RM1.7 billion.
Source: The Edge Markets