- Business
- Elsoft Research Berhad researches, designs, develops and manufactures automated test equipment (ATE), burn-in systems, automation and industrial equipment, and application specific embedded control systems for the semiconductor, optoelectronics, and medical devices industries; its core offerings include automated LED test equipment, LED burn-in systems, solar cell testers, LED testers, embedded peripherals, industrial remote IO peripherals, motion control products, and industrial IO ISA and PCI bus products, with key applications in testing optoelectronic devices such as LEDs, image sensors, and automotive lighting. The Malaysia-based company, founded in 1996 and headquartered in Bayan Lepas, Penang, primarily serves customers in the automotive, smart devices, general lighting, and semiconductor sectors across Malaysia, Asia, and the United States; it maintains subsidiaries and associates including Leso Corporation Sdn. Bhd. for test and measurement equipment supply chain management. In a recent strategic move, Elsoft agreed in December 2024 to divest its wholly-owned subsidiary Xyrius Solutions Sdn Bhd, acquired in June 2023, to co-founders Ang Aik Beng and Tan Hui Ien for RM7.32 million cash, aiming to refocus on core ATE operations amid the subsidiary's declining performance; the transaction, expected to complete in the first quarter of 2025, will fund working capital, R&D, and operational costs despite a projected pro forma loss of RM2.45 million. Despite a semiconductor industry slowdown in fiscal 2024, particularly in optoelectronics, Elsoft achieved profitability through operational efficiency.