Bursa Malaysia extended Monday's profit-taking to open lower on Tuesday (May 31) in most indices led by financial services and plantation as market sentiment remained cautious amid China’s move to ease key cities' Covid-19 restrictions. At 9.15am, the FBM KLCI had decreased 4.97 points to 1,538.05 from Monday’s close at 1,543.02.
KUALA LUMPUR: Stocks in focus on Wednesday include Petronas Chemicals Group, Sarawak Consolidated Industries, Dialog Group, Duopharma Biotech, Yong Tai, Dagang Nexchange, Chin Hin Group, Borneo Oil and Caely Holdings, said JF Apex Research.
Dagang NeXchange Bhd has teamed up with a unit of Taiwanese giant Hon Hai Precision Industry Co Ltd (better known as Foxconn) to build and operate a wafer fabrication plant in Malaysia.
Taipei, May 17 (CNA) Investment holding firm Dagang NeXchange Bhd (DNeX) announced Tuesday that it has signed a memorandum of understanding (MOU) with Taiwan-based manufacturing giant Hon Hai Precision Industry Co. to build a wafer fab in Malaysia.
Hon Hai Precision Industry Co (鴻海精密) has made further progress in its expansion into semiconductor manufacturing as its subsidiary teams up with Dagang NeXchange Bhd (DNeX) to build a 12-inch wafer fab in Malaysia.
Big Innovation Holdings Ltd (BIH), a wholly owned subsidiary of Hon Hai, has inked a memorandum of understanding (MOU) with DNeX to collaborate on establishing and operating the semiconductor fab in the Southeastern Asian country, it said in a statement released by DNeX on its Web site.
The fab is expected to produce 40,000 12-inch wafers per month, deploying 28-nanometer and 40-nanometer process technologies, the statement said.
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