THMY Holdings is trading 5% higher at MYR 1.75, driven by investor enthusiasm following the announcement of a threefold expansion of its Penang factory to meet surging demand in the AI and data center sectors.
- The company broke ground on a new 300,000 sq ft facility, a significant increase from its initial 88,000 sq ft plan, signaling strong growth prospects in automated test solutions.
- This expansion will strengthen THMY's capabilities for high-power, high-load data center testing and enhance its position in the electrical and electronics (E&E) industry.
- The move underscores THMY's niche leadership in automated test solutions for AI, contributing to its strong post-IPO trajectory.