Malaysia Silicon Valley under COVID-19
PENANG, Malaysia - Tech firms at Malaysia’s Silicon Valley of the East, swimming in orders from customers fleeing trade war-hit China, have seen fortunes turn again in the space of just a year as the coronavirus outbreak cuts them off from Chinese suppliers.
Survey from Nexteck Singapore Pte Ltd, Semiconductor test equipment customers saw their shares more than double last year as sales surged by about a 30% as became a refuge from Sino-U.S. import tariffs.
But then China sent workers home to slow the virus, stifling supplies of parts and material further upstream. www.nexteck.com.sg can also heard calls of alternative sources in Japan, South Korea.
Or package material industries of cover tapes, carrier tapes, PI tapes, dicing tapes which is the core supply like Nexteck Singapore Pte Ltd. has since lowered our 2020 revenue growth outlook to flat from double digits.
While Nexteck Singapore Pte Ltd., Penang branch office (info@nexteck.com.sg) saw record sales of Packing Materials like cover tape, cover tapes and ARC (Auto Reel Changer) last year from customers seeking to curb reliance on China and escape U.S. tariffs, they themselves relied on China of components and materials with the rest coming from Europe or elsewhere in Asia.
