KUALA LUMPUR: JF Technology Bhd has set up its Test Contacting Centre of Excellence in Kota Damansara, Selangor, with an investment of RM40mil.

       In a statement, JF Technology said the investment was part of its plan to further expand its business and to capture the immense opportunities from the semiconductor industry.

       The Centre of Excellence will be established at the company’s expanded facility and will house state-of-the-art labs and equipment for the development of new intellectual properties (IPs) and products to serve its customers globally.

       “This project is both timely and significant given the current stage of the 5G rollout and the potential contribution to the Malaysian economy in terms of high-income employment.

       “At the same time, this also demonstrated the ability of a Malaysian company to adopt next-generation technology.

       “It is anticipated that the establishment of this Test Contacting Centre of Excellence will result in the creation of approximately 77 new jobs by 2025 with around 80% of the employees coming from technical and engineering backgrounds,” Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Arham Abdul Rahman said.

       He added that this would further solidify Malaysia’s position as a strategic investment destination for global companies, particularly in the machinery and equipment (M&E) industry, mainly in the electrical and electronics and autonomous vehicle sectors.

       JF Technology managing director Datuk Foong Wei Kuong said the centre would accelerate the generation of IPs and the development of talent.

       “JF Technology will continuously invest in this centre, especially on human capital development. We take pride that JF Technology operates with 99% local talent and will continue with this commitment by creating more job opportunities through the Centre with an emphasis on high-income technical jobs for Malaysians.

       “This, combined with the continuous development and enhancement of our country’s technological and innovation ecosystem, will continue to strengthen Malaysia’s competitive edge and move our country up the semiconductor value chain,” Fong said.