Expanding the Hi-tech Ecosystem in Penang for a New Era

By Lee Siu Ming

February 2022 IN THE INDUSTRY
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The ViTrox Campus 2.0 at the Batu Kawan Industrial Park. Photo by: ViTrox Corporation.
OVER THE PAST 20 years, ViTrox has established itself as a global technology company that is “powered in Penang and in Malaysia”, growing to reach a market capitalisation of RM10b in 2021 since its humble beginnings when it operated from a rented premises in Sungai Dua.In 2021, ViTrox was awarded "Company of the Year" by The Edge Billion Ringgit Club[1], with accolades ranging from its inclusion in the FTSE4Good Index Series by FTSE Russell in December 2021 and ranked the...

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Lee Siu Ming

is a senior analyst at Penang Institute, and believes in the Latin phrase Audi alteram partem, loosely translated as “Listen to the other side".