15 June 2024

MI Technovation prepares for chip recovery

PENANG-based MI Technovation Bhd (MI Tech) was in the news recently after posting a four-fold increase in its profit for the first quarter ended March 31, 2024 (1Q24).Read more…

10 May 2024

Mi Technovation’s 1Q net profit jumps over fourfold on higher revenue, forex gains

Mi Technovation Bhd (KL:MI) saw its net profit more than quadruple to RM26.79 million in the first quarter ended March 31, 2024 (1QFY2024), compared to RM6.4 million in the same period last year.Read more…

23 February 2024

Mi Technovation’s 4Q net profit drops 30% on lower utilisation rate

Semiconductor equipment maker Mi Technovation Bhd said fourth quarter net profit declined 30.36% to RM11.92 million, from RM 17.11 million a year earlier, mainly on lower utilisation rate.Read more…

10 November 2023

Mi Technovation revenue up in 3Q

Mi Technovation Bhd remains positive about fulfilling its long-term business strategy to strengthen its position as a comprehensive solutions provider.Read more…

9 November 2023

Mi Technovation 3Q earnings dragged down by one-off withholding tax

Mi Technovation Bhd saw its net profit in the third quarter ended Sept 30, 2023 (3QFY2023) decline by 30.09% to RM14.16 million against RM20.25 million in the same period last year. Read more…

19 October 2023

Mi Technovation invests US$30 mil into research and manufacturing facility in Hangzhou, China

Semiconductor equipment solutions provider Mi Technovation Bhd is investing US$30 million (RM142.86 million) into a research, development and manufacturing facility for power modules and devices in Xiaoshan, Hangzhou City, China Read more…

19 October 2023

Mi Technovation to invest RM142mil in China's semiconductor market

Mi Technovation Bhd's wholly owned subsidiary, Mi Semiconductor Pte Ltd (MiSE Singapore), has entered into a US$30 million (RM142 million) investment agreement with Xiaoshan Economic and Technological Development Zone Administration Committee. Read more…

2 October 2023

Mi Technovation founder to lead new semiconductor unit, hands over equipment business to new leadership

Mi Technovation Bhd's founder and group chief executive officer (CEO) Oh Kuang Eng will be leading a new management team in the group’s semiconductor division. He will then hand over the equipment business to a new management led by executive director Teo Chee Keong. Read more…

11 August 2023

Mi Technovation 2Q net profit jumps 22% to RM22.7mil

Mi Technovation Bhd remains committed to its long-term business strategy to strengthen its position as a comprehensive solution provider to unlock growth in the market share.Read more…

8 May 2023

Mi Technovation braces for challenging year

Mi Technovation Bhd expects 2023 to remain a challenging year for the group as the semiconductor market outlook remains soft… Read more…

23 February 2023

Mi Technovation shares climb as much as 18% to RM1.88 in early trade

Mi Technovation Bhd opened slightly higher at RM1.62 on Thursday morning (Feb 23), before climbing 17.5% to RM1.88 per share as at 11.15am…Read more…

8 November 2022

Mi Technovation 3Q pre-tax profit increases

Semiconductor manufacturer Mi Technovation Bhd has stated that declining turnover from its semiconductor equipment business unit (SEBU) led to it posting a 21.3% year-on-year (y-o-y) drop in its revenue for the third quarter ended Sept 30, 2022 at RM89.7mil, compared to RM114mil in the corresponding quarter of last year. Read more…

28 July 2022

Mi Technovation 2Q earnings down 28% on higher costs, lower revenue

Mi Technovation Bhd’s net profit for the second quarter fell 28.5% to RM18.66 million, from RM26.11 million a year ago, due to expansion expenses, and higher material and logistics costs… Read more…

5 May 2022

Mixed prospects for Mi Technovation's SEBU in the coming quarters, CGS-CIMB Research said

Mi Technovation Bhd (MTB) is expecting mixed prospects for its semiconductor equipment business unit (SEBU) and semiconductor material business unit (SMBU) in the coming quarters, CGS-CIMB Research noted. Read more…

23 February 2022

More overseas sales seen for Mi Technovation

Mi Technovation Bhd is expected to see stronger contributions from its overseas ventures this year, given the opening of a new plant in China and higher take-up of certain series of its products. Read more…

10 January 2022

Mi Technovation On Track To Deliver Its 10 Year Road Map

With the semiconductor industry growing more than 25% in 2021, BFM spoke to Kuang Eng Oh, Group Chief Executive Officer & Executive Director, Mi Technovation Bhd on how this semiconductor equipment and material business operator has been diversifying and what his long term technology roadmap will be. Read more…

29 October 2021

Mi Technovation 3Q profit up over 50% y-o-y on higher revenue, but falls 27% q-o-q

Mi Technovation Bhd's net profit rose 53.82% to RM18.96 million for the third quarter ended Sept 30, 2021 (3QFY21) from RM12.32 million a year earlier, as the Penang-based semiconductor equipment solutions provider recorded higher revenue. Read more…

17 August 2021

Mi Technovation Aims to be A Diversified Semiconductor Solutions Provider

Mi Technovation has outlined its 10-year roadmap which aims to becoming a diversified semiconductor solutions provider with four major business pillars ultimately. Today, we have two main business units, namely semiconductor equipment business unit which produces wafer level chip scale packaging (WLCSP) sorting machines, vision inspection machines, precision bonding machines & final test equipment; as well as semiconductor material business unit which produces solder spheres, which are widely used in advanced packaging in the semiconductor industry. Read more…

09 August 2021

Mi Technovation to Set Up Two New Business Units

Mi Technovation Bhd plans to set up two new business divisions within the next three to five years to become an end-to-end semiconductor solutions provider, with company growth through organic capacity expansion and multiple acquisitions. Read more…

06 August 2021

Quick Take: MI Technovation Shares at Five Months High

Shares in MI Technovation Bhd rose to its highest in over five months in early trade Friday. Read more…

05 August 2021

Mi Technovation Invests RM29m to Enter China’s Semiconductor Test Segment

Mi Technovation Bhd has subscribed for a 45 million yuan (RM29.36 million) increase in the capital of Talentek Microelectronics (Hefei) Ltd, as part of its efforts to set its foothold in the semiconductor final test segment in China. It represents a strategic business collaboration on the development of automated test equipment and test handler as well as providing test service to its domestic customers in China. Read more…

01 February 2021

Cover Story: Tech Mania Amid Global Chip Shortage

Mi Technovation Bhd group CEO Oh Kuang Eng believes the global chip shortage will have a positive impact on Malaysian semiconductor and semiconductor-related companies as strong demand has increased capacity utilization in general. Read more…

05 January 2021

Looking to North Asia

Mi Technovation is not only concentrating our efforts on a single product but rather on a diverse range of products in the entire semiconductor industry. We have presence in Malaysia, Taiwan, Korea, and China and each has equal potential as they cover different process in the semiconductor sector. Besides, we need to transform ourselves into a higher-value process and equipment manufacturer in order to produce more advanced equipment that can be sold in bundles to our customers.  Read More…

08 October 2020

Mi Technovation Inks MOU to Negotiate Accurus Acquisition

The proposed acquisition will provide an opportunity for the parties to establish a potential business integration for a wider product portfolio within the same distribution channel and value chain in anticipation of leveraging the combined strengths of the company with Accurus. Read more…

11 November 2019

Mi Technovation Set to Expand Beyond Semiconductor Sector

Mi Technovation Bhd is seeking to smoothen out cyclicality of the semiconductor industry by setting up two new business units. The group aims to be a player with multiple products across multiple industries by 2023. Read more…

22 September 2018

Underutilization Issue Not Expected for Mi Equipment

Mi Equipment Holdings Bhd has made a significant breakthrough in the second quarter of 2018 (2Q18) whereby it delivered its first units of Si- and Li-series equipment, which essentially opens itself to the fan out wafer level packaging sorting equipment (Li series) and testing equipment (Si series). Read more …

20 September 2018

New High for Mi Equipment Share Price

Mi Equipment’s shares have risen more than 130% since its listing on June 20. The equipment manufacturer of wafer level chip scale packaging sorting machines for the semiconductor industry saw its shares hit a new high to close 17 Sen up at RM3.32. Read more…

18 September 2018

Underutilization Issue Not Expected for Mi Equipment

Mi Equipment Holdings Bhd has made a significant breakthrough in the second quarter of 2018 (2Q18) whereby it delivered its first units of Si- and Li-series equipment, which essentially opens itself to the fan out wafer level packaging sorting equipment (Li series) and testing equipment (Si series). Read more …

18 September 2018

Mi Equipment Rises 4.44% on Positive Technicals

Mi Equipment Holdings Bhd rose 4.44% at mi-morning today following a position technical outlook on the stock. Read more…

14 September 2018

Affin Hwang Positive on Mi Equipment’s New Market Penetration

Affin Hwang Capital Research said Mi Equipment Bhd made a significant breakthrough in 2Q18 when it delivered a new series of equipment beyond its core die-sorting equipment. Read more…