# Globetronics allocates RM50.2 million for Industry 4.0 expansion

Globetronics Technology Bhd will allocate RM50.2 million to establish a cloud-based platform with Industry 4.0 processes, including AI, big data analytics, and extended reality, for its high-volume mass production operations.

- Type: Investment
- Announced: 2021-04-21
- Where: Kuala Lumpur, Malaysia, Malaysia
- Value: $12.0M (50.2M MYR)
- Status: announced
- Products: miniaturized optical sensors, semiconductor photonic products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Globetronics Technology](https://endata.com/companies/54597.md)

## Sources

- [nst.com.my](https://www.nst.com.my/business/2021/04/684079/globetronics-embarks-rm502mil-expansion), 2021-04-21: "Globetronics Techology Bhd (GTB) will allocate RM50.2 million to establish a cloud-based platform through the adoption of Industry 4.0 processes in their high volume mass production operations."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.