CDNetworks Named a Key WAF & Cloud Security Provider in ITR's 2025 Japan Cyber Security Market Report
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CDNetworks
As the APAC-leading network with over 2,800 global Points of Presence and more than 20 years of technology experience, CDNetworks delivers the fastest and most secure digital experiences to end users. Our diverse products and services include web performance, media delivery, cloud security, edge computing, zero-trust security, and colocation services — all designed to spur business innovation.
To learn more, visit cdnetworks.com and follow us on LinkedIn.
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The Sun
13 hours ago
- The Sun
UMS Integration moving up supply chain, expanding Penang operations
KUALA LUMPUR: UMS Integration Ltd is ramping up its push into the artificial intelligence (AI) and high‑performance computing supply chain, eyeing higher‑value precision components and expanding its Penang facilities as part of a five‑year growth roadmap following its landmark secondary listing on Bursa Malaysia today. CEO Luong Andy said the Singapore‑headquartered precision engineering specialist, which already counts two major semiconductor clients among its key customers, sees 'tremendous opportunities' in advanced packaging solutions critical for AI chips, a segment driving global capital expenditure in semiconductors. 'We are moving up the semiconductor value chain and see many opportunities, especially in AI and high‑performance computing, where we have the know‑how and capability to produce the precision components needed,' Luong told reporters after the listing ceremony. The company's shares opened at RM5.15, 3% above the reference price of RM5, and traded as high as RM5.39 in early deals, valuing UMS Integration at about RM3.7 billion. The counter, categorised under the Industrial Products and Services sector on Bursa Malaysia, closed at RM5.50 a share. Executive director Stanley Loh Meng Chong said UMS Integration is doubling down on Penang, where it operates its largest production plant, to support growing orders for advanced semiconductor equipment. The company recently acquired additional land in Penang and plans to begin construction next year, adding about 200,000 sq ft to reach 1 million sq ft in total manufacturing space within the next two to three years. 'Penang remains central to our volume manufacturing strategy. This expansion will support key customers' ramp‑up in operations, especially for advanced node manufacturing and packaging linked to AI chips,' Loh said, adding that Malaysia's accessibility and talent pool make it a preferred base for scaling production. UMS Integration's secondary listing on Bursa Malaysia was undertaken by way of introduction, meaning no new funds were raised. The company retains its primary listing on the Singapore Exchange, where it last traded at S$1.52. Luong said the dual‑listing strategy is aimed at enhancing liquidity and providing 'flexibility to tap different equity markets' for future fundraising if needed. 'This listing broadens our investor base and positions us better to access capital when opportunities arise,' he noted. For the first quarter ended March 31, 2025, UMS Integration posted S$57.7 million in revenue, up 7% year‑on‑year, with net profit edging up to S$10.1 million. The semiconductor segment contributed 84% of revenue, followed by aerospace at 11%. The group remains in a net cash position of S$81.4 million and continues its policy of quarterly dividends, paying S$0.01 per share in July. UMS Integration has historically been reliant on one major customer but is now balancing its portfolio with a second key client of comparable size. Loh said this diversification, coupled with demand from AI‑driven chipmakers, is expected to underpin growth in 2025 and beyond. 'We believe this year will be better than last, and the years to come will also benefit from the trend of higher equipment spending,' he said. While research and development remains anchored in Singapore, Loh said Malaysia will continue to absorb most of the group's manufacturing investments, with Penang serving as its volume hub for global customers. Deputy Finance Minister Lim Hui Ying, who officiated at the ceremony, hailed the cross‑border listing as a milestone for Malaysia's capital market and a signal of growing economic integration between Malaysia and Singapore. She said UMS Integration's move underscored confidence in the robustness of Bursa Malaysia's infrastructure, investor depth and governance standards, while aligning with the government's ambitions to position the country as a hub for regional and international listings. Lim highlighted Penang's pivotal role in UMS Integration's growth story, noting how the company's expansion has paralleled the state's rise as a global semiconductor and advanced manufacturing hub. 'UMS Integration's continued investment has not only enhanced Penang's manufacturing ecosystem but also created high‑value jobs and opportunities, aligned with the Penang 2030 vision to attract quality, future‑forward investment,' she said. She added that Malaysia's regulatory ecosystem is evolving to support innovation, digitalisation and sustainable finance, and expressed hope that UMS Integration's secondary listing would inspire other regional players with Malaysian ties to consider a presence on Bursa Malaysia. 'This milestone reflects our broader aspiration to connect Asean businesses with global investors, while driving high‑tech and capital‑intensive sectors critical to the region's growth,' Lim said.
Free Malaysia Today
15 hours ago
- Free Malaysia Today
Nintendo's quarterly revenue surges thanks to Switch 2
The Switch 2 smashed industry records by selling 3.5 million units in its first four days. (AFP pic) TOKYO : Nintendo today said quarterly revenue had more than doubled year-on-year thanks to the Switch 2, which became the world's fastest-selling console after its launch in early June. Pent-up demand for the new gadget from the 'Super Mario' gamemaker fuelled fan excitement at the release that saw sold-out pre-orders and midnight store openings. Like the hugely popular original Switch, the Switch 2 is a hybrid console that can be handheld or connected to a television, with a bigger screen and more processing power than its predecessor. It smashed industry records by selling 3.5 million units in its first four days, and Nintendo said today that the figure had increased to 5.8 million units by the end of June. 'Net sales increased significantly in the first quarter, due mainly to the launch of Nintendo Switch 2,' the Japanese company said as it reported a 132% on-year jump in sales for April-June, to ¥572 billion. Net profit in the quarter rose 19% on-year. However, a challenge for Nintendo will be maintaining a supply of hit games for the new system, gaming industry consultant Serkan Toto told AFP. 'There are new games from the Pokemon, Metroid and Kirby franchises coming later this year, but some fans have already started to ask for even more titles,' he said. But 'the launch of Switch 2 has surpassed many people's expectations' and it will be hard for another console to match its strong start, Toto added. 'Nintendo should be able to comfortably ride on this momentum through the holidays and into 2026,' he predicted. 'Major comeback' The company expects to sell 15 million Switch 2 units by the end of March 2026 – a target it left unchanged today. Nathan Naidu of Bloomberg Intelligence said Nintendo was 'likely' to hike this number, having already sold 40% of the target. The Switch 2 launch positions the company 'for a major comeback after four straight years of lacklustre top-line momentum… barring punishing US tariffs that might prompt Nintendo to hike hardware prices', he wrote today. While Nintendo is diversifying into hit movies and theme parks, consoles remain at the core of its business. The original Switch soared in popularity during the pandemic with games such as 'Animal Crossing' striking a chord during long lockdowns worldwide. It has sold 153 million units since its 2017 release, making it the third best-selling console of all time after Sony's PlayStation 2 and the Nintendo DS. The Switch 2, which has new features including controllers that can also be used like a desktop computer mouse, costs US$449.99 in the US – more expensive than a launch price of US$299.99 for the original. 'Once the hardcore Nintendo fans are tapped out, the company will need to get to the next level by convincing mainstream players to make the jump to Switch 2,' Toto noted. But the postponed launch of the hotly anticipated 'Grand Theft Auto VI' (GTA6) by US publisher Rockstar Games from this year to May 2026 will be a boon, he said. 'If GTA6 (had) launched this year, it would have sucked almost all the oxygen out of the room and made marketing Switch 2 definitely harder for Nintendo.'
Free Malaysia Today
15 hours ago
- Free Malaysia Today
Japan plans another record hike in minimum wage
Japanese Prime Minister Shigeru Ishiba's administration has set a target of raising the average minimum wage by 42% to ¥1,500 per hour. (AP pic) TOKYO : A Japanese labour ministry panel plans to recommend an increase of about 6% in the national average minimum wage for this fiscal year, for the biggest such jump since at least 2002, the Kyodo News agency said today. The proposed hike, to about ¥1,118 (US$7.43) per hour, would exceed last year's increase of 5% and be the largest since the current system began, the agency added, without citing sources. Japanese Prime Minister Shigeru Ishiba's administration set a target last year of raising the average minimum wage by 42% to ¥1,500 per hour by the end of the decade. Raising the legally binding minimum wage would boost households' purchasing power, but squeeze profits at small firms that struggle to make ends meet.
