Mi Technovation Berhad (“Mi Technovation” or the “Group”) (KLSE: MI 5286) is a public listed company in Malaysia with its shares listed and quoted on the Main Market of Bursa Malaysia Securities Berhad since 20 June 2018.
The Group’s corporate journey began with the founding of DPE Integration (M) Sdn. Bhd. (“DPE”) in 2007 which ventured into the research and development of die processing equipment. In 2012, the main subsidiary Mi Equipment (M) Sdn. Bhd. (“MiEMY”) was set up to venture into the R&D and manufacturing of advanced packaging die sorting machines with vision inspection capability for the semiconductor industry. Since then, the in-house brand of Wafer Level Chip Scale Packaging (“WLSCP”) sorting machine has become the Group’s flagship product, which enabled the Group to achieve its first sales milestone of RM100 million in 2015.
From 2019 onward, with the proceeds raised from the IPO, the Group’s growth plan is accelerated with capacity expansion and commercialization of new and wider product range. This has paved the way for the Group to propel into the international arena and become a leading player in the global semiconductor industry with multiple products across multiple countries.
In April 2021, the Group has successfully acquired Accurus Scientific Co. Ltd. and its subsidiaries, one of the key suppliers of semiconductor materials in the semiconductor industry. With the combined strength and technology development synergy arising from business integration of semiconductor equipment and semiconductor material business, the Group is in a strategic position within the semiconductor value chain to provide total solutions to its customers for better cost structure, seamless technology development as well as innovation in both material and equipment.
Business Structure
The Group’s business is mainly categorized into two business units, namely Semiconductor Equipment Business Unit and Semiconductor Material Business Unit.
- Semiconductor Equipment Business Unit (“SEBU”)
SEBU, which is an organic-growth business run under Mi Equipment trademark, has grown rapidly with global footprint across 5 countries, namely Malaysia, Taiwan, China, Korea and USA. The headquarters and main manufacturing site are located in Penang, Malaysia.
SEBU is involved in the manufacturing and sales of semiconductor manufacturing equipment, paired with smart factory automation solutions for Industrial 4.0, as well as the provision of maintenance services and technical support for these machines, and the sale of related spare parts and components.
| No. |
Entity |
Product Portfolio / Business Activities |
|---|---|---|
| 1 |
Mi Equipment (M) Sdn. Bhd. (“MiEMY”) |
Mi Series Die Sorting machine for advanced packaging, such as WLP, WLCSP, FOWLP, CSP for flip chip. |
| 2 |
Mi Equipment (Taiwan) Co. Ltd. (“MiETW”) |
Vi Series Vision inspection machine for wafer and package inspection both in 2D and 3D mode. |
| 3 |
Suzhou Mi Equipment Co. Ltd. (“MiECN”) |
Si Series Final test handler for high power, fine pitch device and KGD. |
| 4 |
Mi Equipment Korea Co. Ltd. (“MiEKR”) |
Ai Series Precision bonding machine (LAB/LCB) for extra fine pitch with thin die and substrate. |
| 5 |
Mi Equipment USA Inc. (“MiEUS”) [Note: Serve as a sales and marketing office, without manufacturing activities being carried out] |
Sales and marketing of machines and provision of maintenance services and technical support, as well as the sale of related spare parts and components. |
- Semiconductor Material Business Unit (“SMBU”)
SMBU, expanded through acquisition process, is run under Accurus Scientific trademark with physical presence in Tainan (Taiwan), Ningbo (China) and Singapore. The headquarters of SMBU is based in Tainan.
SMBU is involved in the manufacturing and sale of solder spheres (or solder balls), with some side activities in design, development, manufacturing, and sale of machinery as well as solder ingots, solder paste and ESD bottles as complementary products to customers.
