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Inari Amertron Bhd is teaming up with MIT Semiconductor Pte Ltd to set up a joint-venture firm in Malaysia to supply customised semiconductor process tools. The JV will have a proposed share capital of RM16.8 million, with Inari holding 51% and MSPL 49%.
“The proposed JV is a strategic move by Inari in collaboration with MSPL to invest in a business which is synergistic with the group’s business operations.”theedgemalaysia.com
Summarized from public sources; check the original articles before acting on it.