Malaysia first entered the semiconductor industry in the early 1970s when Intel opened its first facility in Penang in 1972. The decision made Malaysia one of the earliest countries in Southeast Asia to be directly involved in the global chip supply chain.
After Penang, the focus of investment began to move to areas that could offer vast industrial land and specialized infrastructure, and this is where Kulim Hi-Tech Park emerged as a prime choice.
Since its establishment 30 years ago, Kulim Hi-Tech Park has attracted a cumulative investment of RM181.5 billion and now houses 56 manufacturers, including more than 20 multinational companies from 12 countries, supported by 90 ancillary companies. Kedah is now known as one of the most strategic semiconductor hubs in the country.
Paramount Corporation Invests RM128.74 Million
This development was clearly translated through a corporate announcement on August 8 on Bursa Malaysia, Paramount Corporation Berhad announced the acquisition of four lots of freehold land in Lunas, Kedah.
The acquisition of the 295.55 acres of land worth RM128.74 million will be implemented through a wholly-owned subsidiary, Paramount Property (Seaview) Sdn Bhd, from Golden Bluechip Sdn Bhd.
This proposed acquisition is seen in line with the continued demand for large-scale industrial land in Kedah, particularly to support the development of the technology and semiconductor sectors.
This investment also reflects the company's confidence in the long-term potential for industrial development in Kedah, in line with the state's position in the national technology supply chain.
