Cyberview Sdn Bhd (“Cyberview”) was tasked by the Government of Malaysia (“GOM”) to form a business model that would not only help to encourage Multinational Corporations (“MNCs”) to further invest in Penang but also would be able to tackle the socio-economic issues that are prevalent in the State.

With the task at hand, a business model based on “factory-in-a-factory” concept was formulated. In this model, an identified MNC will be outsourcing some of its production functions to a newly set-up outsourcing company which will be carrying out the production within the MNC’s own premises. The outsourcing company will be investing into the capital equipment hence making the MNC asset light at the same time able to purchase the units produced at a discounted price.

Advanced Micro Devices Export Sdn Bhd (”AMD”) was approached to be involved in this collaboration. This collaboration can be seen as an incentive mechanism to AMD, which is one of the 8 pioneers that established its operations since 1972, to further incentivise it to expand its business via a win-win approach.  Other than as an incentive mechanism, this initiative also has other objectives such as:

a)      To enhance the skill sets and job opportunities for Malaysians in the semiconductor industry via the creation of employment opportunities;

1.2       On Fabtronic Sdn Bhd

Fabtronic Sdn Bhd (“Fabtronic”) was incorporated on 11 April 2007 and was a shelf company with paid-up capital of RM2. The Company was acquired by Cyberview on 11 June 2007 and is now a wholly owned subsidiary of Cyberview with authorized capital of RM 5 million and paid-up capital of RM 2 million, comprises of 1,000,001 ordinary shares. Fabtronic has been established as an outsourcing agent to AMD; a multinational company in the semi-conductor industry. The core business of Fabtronic may be categorized as “the manufacturing of integrated circuit that relate to semi-conductor industry”.

Currently, Fabtronic is supported by a staff strength of more than 200, of which a majority comprises skilled blue-collar workers outsourced from a local labour provider. With the expansion that Fabtronic is undergoing, the company will be hiring more than 100 staff in near future.

The Management team is made up of an optimum composition of both young and experienced personnel, each providing invaluable experience in their respective fields.

The Board of Directors of Fabtronic are as follows:-

1)   Dato’ Siti Balkish binti Shariff –  Chairman
      (appointed with effect from 15 November 2007)

2)   YBhg Dato’ Abdul Wahab bin Abdullah
      (appointed with effect from 11 November 2007)

3)   YBhg Dato’ Puteh Rukiah binti Abd Majid
      (appointed with effect from 11 June 2007)

4)   Encik Redza Rafiq bin Abdul Razak
      (appointed with effect from 11 June 2007)