PETALING JAYA: Pua Khein-Seng
, the 38-year-old Malaysian entrepreneur who invented the pen drive and runs Taiwan-listed Phison Electronics Corp, is setting up a Malaysian branch of his
business that will work closely with Silterra Malaysia Sdn Bhd
, Malaysia's premier wafer fabrication plant in Kulim, reliable sources said.
, often cited as Malaysia's biggest overseas technopreneur, will likely set up the plant in Penang and "bring back" some of the Malaysian engineers working in Taiwan's Phison plant.
The amount of investment isn't clear although it could run into the tens of millions of ringgit due to the high cost of integrated circuit (IC) design equipment and software.
is likely to set up the plant in Penang and 'bring back' some of the Malaysian engineers working in the Phison plant.
designs ICs for use in data storage devices.
In 2001, Phison
came up with the world's first USB (universal serial bus) "flash removable disk", which Phison
named the pen drive.
In a past interview with the Malaysian media, Pua
had said the presence of successful IC design houses is a critical factor in the success of Silterra.
Sources said the Malaysian Investment Development Authority (Mida) had drawn up a list of attractive incentives for Pua
to set up the IC design house in Malaysia.
Mida had sent a media invite yesterday evening for an event on Tuesday that will involve Pua
"announcing the establishment of a new project in Malaysia and launching his
new book titled Driven To Success at Mida."
Pua is chairman of Phison Electronics and according to Bloomberg data, has a 2.55% stake in the company that has a market capitalisation of NT$47bil (RM4.8bil).
It counts heavyweights such as Toshiba Corp
, Kingston Technology
, Vanguard Group Inc
as its other shareholders.
and Kington are also its key customers.
reported a pre-tax profit of NT$2.98bil (RM304mil) on revenue of NT$32.34bil (RM3.3bil) for 2011.
, who was raised in Sekinchan, Selangor, moved to Taiwan in 1993 to study engineering and continued to live in the republic after graduation.
He founded Phison with four university friends in 2000.