- Business
- JF Technology Berhad (0146.KL), a Malaysia-based investment holding company founded in 1999 and headquartered in Petaling Jaya, Selangor, designs, develops, manufactures and markets high-performance test contacting solutions, including integrated circuit test sockets, interconnects, test probes and equipment, for the global semiconductor and electronics assembly industries; its core product portfolio encompasses rigid contact technologies such as ZIGMA, ETA.5 and EZ for leaded and leadless packages, Kelvin cantilever contacts including ALPHA and GAMMA, high-power solutions like THOR and PHANTOM, radio frequency and precision analog products, customized test solutions, manual actuators and complementary offerings in product migration, IC program development and on-site engineering support. The company serves key market segments including 5G, automotive, high power, power/IGBT modules and precision analog applications, targeting integrated circuit makers with sustainable, high-performance solutions that reduce test consumable costs by at least 55% and carbon footprint by at least 66%; it operates geographically across Malaysia, China, the United States, the Philippines, Taiwan, Japan and 18 other countries through subsidiaries such as J Foong Technologies Sdn. Bhd., JF Microtechnology Sdn. Bhd., JF International Sdn. Bhd. and JF Testsense Sdn. Bhd. Recent strategic developments include the formation of a joint venture, HFC Tech Sdn. Bhd., with Shenzhen HFC Co., Ltd. in November 2023 to design and manufacture electromagnetic interference shielding, thermal interface and absorbing materials for AI and electric vehicle semiconductor chips; a proposed acquisition by a subsidiary of the entire stake in Transcend Technologies Sdn. Bhd. formalized in 2025 to expand semiconductor assembly and test equipment capabilities and market reach; the appointment of Goh Joo Hwa (Andy Goh) as chief executive officer effective July 1, 2025, to drive the next phase of growth under the JF4.0 transformation and six growth engines; and a proposed private placement of up to 92.7 million new ordinary shares representing approximately 10% of issued shares to fund expansion initiatives.