Mi Technovation Berhad
MITNF
Other OTC0.57
USD
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Mi Technovation Berhad
MITNF
(Other OTC)
Recent
price
0.57
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yld
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ROIC.AI
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- Mi Technovation Berhad (KLSE:MI; OTCPINK:MITNF) is a Malaysia-based investment holding company engaged in the design, development, manufacturing, and sale of semiconductor equipment and materials. The company operates through three primary segments: Semiconductor Equipment Business Unit (SEBU), which provides wafer level chip scale packaging (WLCSP) sorting machines, vision inspection machines, laser assisted bonding equipment, final test handlers, assembly and packaging tools, power test equipment, wafer fabrication tools, and testing instruments, along with maintenance services, technical support, spare parts, and smart factory automation solutions for Industrial 4.0; Semiconductor Material Business Unit (SMBU), which manufactures solder spheres (solder balls), solder ingots, solder paste, and ESD bottles under the Accurus Scientific brand for advanced packaging applications such as ball grid array and wafer level packaging; and Semiconductor Solutions Business Unit (SSBU), which focuses on high-tech advanced packaging, development, solutions, services, and specific semiconductor manufacturing processes, including power modules and devices. Mi Technovation serves semiconductor manufacturers, including smartphone makers and chip designers, with target markets spanning Southeast Asia, Northeast Asia (Malaysia, Taiwan, South Korea, China), North America, and Europe. The company maintains manufacturing facilities and R&D centers in Penang and Batu Kawan (Malaysia), Tainan (Taiwan), Ningbo (China), and Korea; technology centers in Taiwan and China; and a relocated corporate headquarters in Singapore. Founded in 2007 through the incorporation of predecessor entities such as DPE Integration (M) Sdn. Bhd. and Mi Equipment (M) Sdn. Bhd., Mi Technovation is headquartered in Bayan Lepas, Penang, Malaysia, and listed on the Main Market of Bursa Malaysia since June 20, 2018, following its initial public offering; it changed its name from Mi Equipment Holdings Berhad in December 2018. Recent developments include the April 2021 acquisition of Accurus Scientific Co. Ltd. and subsidiaries for RM271 million via share issuance, marking entry into the materials segment and establishing one-stop solutions across equipment and materials; the October 2023 launch of SSBU with a US$30 million (RM142 million) investment by subsidiary Mi Semiconductor Pte. Ltd. in a Hangzhou, China, R&D and manufacturing facility for power modules and devices; a major SEBU restructuring under a structured succession plan with new leadership including Teo Chee Kheong as CEO; and ongoing capacity expansions with new factories and overseas production readiness. In 2025, the company reports boosted orders amid US tariff pressures and sustainable demand in Taiwan and China markets.