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Showing posts with label Careers. Show all posts
Showing posts with label Careers. Show all posts

Saturday, March 4, 2023

IC designer Oppstar focuses on talent, IPO offers good value for money

 

Oppstar is one the few Malaysian companies in the front-end of the semiconductor industry, offering a full spectrum of IC design services. The chips we design play a prominent role ushering in a new era of digitalization and are used in various industries including telecommunication, consumer electronics, industrial electronics and automotive. 

Oppstar was founded in 2014 by three IC design industry experts, with the vision to become a preeminent global Semiconductor brand in R&D.

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Oppstar Technology: We turn today's challenges into ...

“We would like to grow by double digits for our top and bottom line. our talent is our asset and our retention strategy is to pay them a competitive market rate.” Ng Meng Thai

WHILE Malaysia is known as having a strong base in the semiconductor industry, there are not many companies that operate in the higher parts of the sector’s value chain.

That is beginning to change, as a small number of companies are making a successful business out of designing integrated circuits (ICS).

IC designers, as they are called, design chips which are then tested out and manufactured by other parties.

One such IC designer in Malaysia is Oppstar Bhd, which is slated to be listed on the ACE Market in the middle of this month.

Its upcoming listing will see it raising funds mainly for the purpose of hiring more professional engineers.

This is a departure from the norm in the country’s public listing companies’ inclination where most of the funds raised would usually be channeled towards capital expenditure initiatives such as to build factory capacity or to acquire a fixed asset.

IC designers don’t need such assets as their value is in chip designing, which in turn is done by their engineering talent.

Investing in talent would help Oppstar expand its capacity to take on more projects and boost its competitive edge.

The company says it also aims to develop intellectual property (IP) assets with these new hires. The IP is meant to lead to additional income and at the same time improve its market profile.

In its prospectus, Oppstar says some of the IPS it aims to develop are for the RISC-V (or risk-five) based system on a chip. Such a system enables artificial intelligence and machine-learning applications to run on chips.

“These are technical terms in the industry but we can license these IPS separately or incorporate the IPS into future IC design projects,” Oppstar’s chief executive officer Ng Meng Thai tells Starbizweek.

The company would also like to expand into “post-silicon validation services” which would complement its IC design business.

The move would help improve its standing among its peers, says Ng, adding that all these plans would enable it to continue on its strong growth trajectory.

“We would like to grow by double digits for our top and bottom line. Our talent is our asset and our retention strategy is to pay them a competitive market rate,” Ng says.

Oppstar aims to more than double its engineering headcount to 500 from 220 presently and this effort would take up close to half of the funds or Rm50mil raised from its initial public offering (IPO).

Ng claims that demand for the company’s expertise is strong as it wants to expand its geographic reach to India, Singapore and Taiwan with the allocation of about a quarter or Rm25mil of the IPO proceeds.

“From time to time, we receive enquiries from customers. For the next three years or so, we would still need to continue to go out to find more customers to consume our capacity of 500 staff,” he says.

Its customers comprise integrated device manufacturers, fabless and fablite companies, electronic system providers and other IC design houses.

End-industries that require such expertise are the consumer electronics, telecommunications, industrial electronics and automotive sectors.

Its financials showed a gross profit margin of close to 60% and net profit margin of 33% in the financial year 2022 (FY22).

The company says its strong margins are driven by having turnkey design service projects, which command better margins when compared to specific design services.

As at the time of its prospectus issuance, Oppstar’s order book stood at Rm34.29mil, which mainly consists of turnkey design services and is expected to be recognised in the next 12 months.

With zero borrowings, Ng says the company will be in a good position to quickly capture opportunities and have these delivered to its bottom line immediately.

Notwithstanding that, retaining its talent that grants it its competitive advantage is key to its sustenance.

“We notice that younger talent are a bit different in valuing a job from what was considered as good 10 to 20 years ago, as workers then tend to value jobs from multinational companies (MNCS).

“Younger engineers surprisingly now would like to try all the different IC designs before locking themselves down in their career,” he says.

“If you go to an MNC, you would be focused on a very niche and narrow field in IC design. But since we have a broad customer base, our engineers will have the opportunities to experience a variety of design work.

“Also we have overseas customers as some 80% of our revenues are from overseas, so there are a lot of travelling opportunities for them as well,” Ng adds.

He points out that some 14% of the company’s public issue of new shares would be available for its eligible directors, employees and business associates who have contributed to its success.

“This would help us retain some of our talent for the longer term. Last year, we saw a low single-digit rate in the turnover of our manpower.

“The original team of the three founders that started the company have stayed on until now and we grew the employee count to about 220 currently,” he adds.

The company is also eyeing other growth opportunities such as through joint ventures and inorganic ones after its listing. 

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Oppstar IPO offers good value for money | The Star

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Tuesday, February 1, 2022

South Korea in the Year of the Tiger

 Chinese New Year wishes: Many South Korean nationalists contend that the peninsula resembles a tiger; hence this Year of the Tiger, it should exude the same strength and ferocity.

ACCORDING to the Chinese zodiac, the year 2022 is the Year of the Tiger. Although the younger generation in Korea is perhaps no longer interested in the zodiac, it still counts for the older generation. The zodiac says that those who are born in the Year of the Tiger are bold, courageous, and confident. At the same time, however, they tend to be impetuous, overindulgent, and unpredictable.

The shape of the Korean Peninsula has invited some interesting debates. Some people argue that the shape of the Peninsula resembles a rabbit. Others maintain that it looks like a shrimp. Yet there are also those who contend that the Peninsula resembles a tiger.
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The rabbit is the image of a weak, docile, and peace-loving animal, and the shrimp may have the connotation of being a victim in the midst of a fight between whales. On the contrary, the tiger is the image of strength and ferocity.
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Those who lived through Korea’s turbulent history over the last several decades support the rabbit or shrimp theory, whereas nationalists prefer the tiger image.
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Lee O Young, South Korea’s former Culture Minister, presents an interesting theory. He contends that the Korean Peninsula resembles a trophy that strong nations want to possess. Since competitors constantly arise to challenge each other to win the trophy, Korea has always been vulnerable to the rise of a new power in the international community.
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In the Year of the Tiger, South Korea should be “bold, courageous and confident,” when dealing with neighbouring countries when and
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if they act like bullies or are hostile and threatening. At the same time, Korea should not be “impetuous, overindulgent or unpredictable,” in her relationship with friendly nations.
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If we stand up to bullying nations, they would not dare to offend us anymore. When we are consistent and predictable to friendly nations, they will remain our faithful allies. If we act otherwise, we will be hopelessly bullied by hostile countries and lose respect and trust from friendly nations.
`
Some time ago, a group of Korean political science professors gathered at a roundtable meeting to discuss the future of Korea in the ever-intensifying conflicts between China and the United States. They unanimously insisted that South Korea should not choose one of the two. Disappointingly, however, they did not come up with any specific tactic of managing this dilemma.
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Perhaps, not choosing a side is what “politics” is all about. Nevertheless, we expected some concrete guidelines from them in dealing with the compelling issues that will directly affect the future of Korea.
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In the Year of the Tiger, the final hours for Korea to choose between the two options will come. We can no longer defer our decision and continue an opportunistic posture between the two. This Tiger year, we sincerely hope that our politicians choose wisely, so our country will continue to prosper and thrive. If our representatives make a wrong decision by any chance, our country would suffer the consequences and the future of our country would be grim. Besides, South Korea would lose respect in the international community. That would be equally fatal for the future of Korea.
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The problem is that it is extremely difficult to find a solution to the dilemma we are now facing. Perhaps one way to get out of the quagmire is that we build a nation that is strong and has precious things the two conflicting countries urgently and desperately need.
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Among others, semiconductors and electric batteries come to mind. Then, the two rival countries would treat us with greater respect. Currently, Samsung and Taiwan’s TSMC manufacture 70% of semiconductors of the world. Since Samsung’s main strength lies in semiconductor memory, which occupies a relatively small portion of the market, it should expand its manufacturing capacity to other semiconductors.
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In the Year of the Tiger, the Korean people will have to make another choice. In March’s presidential election, Koreans will choose the person who will run the country for the next five years. It will be a choice not only between conservatism and progressivism, but also between capitalism and socialism, or liberal democracy and a people’s democracy. Our choice on that fateful Election Day will decide the destiny of Korea.
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Indeed, Korea will be at the crossroads in the Year of the Tiger. If we choose the wrong road, we will be lost and doomed. If we choose the right road, however, our future will be bright and prosperous. Therefore, it is imperative for us to choose the right leader who can steer our country in the right direction in a perfect storm.
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In the Year of the Tiger, we wish South Korea to become the tiger that poet William Blake described in his celebrated poem, “The Tyger.” It begins with, “Tyger Tyger, burning bright,/ In the forests of the night;/ What immortal hand or eye,/ Could frame thy fearful symmetry?”
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We hope South Korea will emerge as a healthy, strong tiger roaring loudly and proudly on the peak of a mountain, not as a wounded, depressed tiger hiding in the jungle. – The Korea Herald/Asia News Network

By KIM SEONG-KON Kim Seong-kon is a professor emeritus of English at Seoul National University and a visiting scholar at Dartmouth College.
` 

 

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The former flight attendant used a tourist visa to enter the country and work illegally in a steel factory, where she met with the accident. Sally (not ... “I received treatment, monthly expenditure and some compensation, but only after I got help from a Malaysian activist who fights for the rights of workers like us.

 

Friday, August 7, 2020

Young buyers flock to property market

Why millennials are flocking to real estate

Interest rate cuts, govt incentives spur buying interests


“We believe the strong growth in our young buyers is both a natural evolution and as a result of a conscious strategic effort we have made to appeal to this important customer group,"-
Datuk Chang Khim Wah
 
Eco World Development Group Bhd president and chief executive officer Datuk Chang Khim Wah told StarBiz the increase in younger buyers was due to a conscious strategic effort made by the group to appeal to this target market.


Property developers are seeing a pick up in sales, especially from younger buyers, as the numerous interest rate cuts and government incentives have spurred buying interest.

Eco World Development Group Bhd president and chief executive officer Datuk Chang Khim Wah said the increase in younger buyers was due to a conscious strategic effort made by the group to appeal to this target market.

“During our initial years of operations (circa 2015) the percentage of young buyers (below 40 years old) was around 43% and today it is more than 70%.

“We believe the strong growth in our young buyers is both a natural evolution and as a result of a conscious strategic effort we have made to appeal to this important customer group, both through the products we are offering as well as the way in which we engage them via social media and digital channels, ” he told StarBiz.

Of the 70%, Chang said around 50% are in their 30s and the remaining 20% are in their 20s. “We are particularly happy that a good number of these buyers include children of our own customers and residents in the vicinity of our development. This validates our efforts over the last few years to make a strong pivot to serve the needs of this market segment and the wider M40 group.

“Our upcoming launch of the new Duduk series of vertical townships offering semi-furnished apartments priced below RM400,000 at Eco Ardence and Eco Sanctuary, as well landed homes starting from RM500,000 at Eco Botanic 2, will enable us to further capture the hearts and minds of this very important market segment.”

Chang said the prolonged movement control order (MCO) period has really made many young people realise that the quality of home and living environment matters greatly.

Mah Sing Group Bhd chief executive officer Datuk Ho Hon Sang (pic below) said as the bulk of its projects comprised units within the affordable range segment, the majority of its buyers comprised those below 35 years of age.


“For Mah Sing, 84% of our target sales for 2020 are for residential properties priced below RM700,000 with key focus in the affordable segment. We typically see about 65% of buyers who are 35 years and below, for most of the affordable projects were launched in recent years. Hence, the majority of our buyers are first time homeowners.”

Despite the challenging market environment in view of the Covid-19 pandemic, Ho said demand continues to be resilient as property remained one of the safest forms of asset class for long-term capital protection and appreciation.

“Malaysia’s population is still very young with 66% below 40 years old and as such, household formation continues to be strong. Affordably-priced properties of good quality and at strategic locations remain highly sought after.

“This is especially for first-time home buyers, which augers well for Mah Sing’s product composition.”

Sunway Property said it is seeing increasing interest from younger buyers from 25 years to 35 years in its properties that are transit-oriented and have good facilities nearby.

“For example, our developments such as the transit-oriented Sunway Avila in Wangsa Maju, the integrated and transit-oriented Sunway Velocity TWO and the youth-focused development of Sunway Grid in Sunway Iskandar has seen enthusiastic response from younger purchasers, ” it said.

Property data, analytics and solutions provider MyProperty Data chief executive officer Thor Joe Hock said the median age for residential property transactions has gradually dropped over the years.

“When we look at the over 2.5 million residential property transactions, including serviced apartments, it appears that the median age of buyers from 2000 to 2019 has remained largely unchanged at between 34 to 35 years of age.

“However, when you break it down into landed and non-landed transactions, we start to get a clearer picture. The median age for non-landed properties has fallen from 40 years in 2000 to 28 years in 2019; while the median age for landed property purchasers marginally decreased from 40 years to 37 years over the same period.”

MyProperty Data manages a property data portal called PropertyAdvisor.

Meanwhile, Lagenda Properties Bhd managing director Datuk Jimmy Doh said more than half of its buyers are below 39 years of age.

“We believe as young people start new phases in their lives, for example getting a job or starting their own families, they prefer to stay independently and have their own space, granted that the properties are within their price range.

“Over the past few years, we have been seeing an increase in buyers. Our properties are priced below RM200,000, ” he said.

MIDF Research in a recent report said the aggressive overnight policy rate (OPR) cuts have improved home buyers’ purchasing power.

“Bank Negara cut its overnight policy rate for the fourth time this year by 25 basis points (bps) to a record low of 1.75% in July due to the severe impact of the Covid-19 pandemic on the global economy. The aggressive OPR cuts this year are positive to the sector as it improved home buyer’s purchasing power by reducing loan installments.

“We estimate monthly installments to reduce by 14%, after 125 bps cut for RM500,000 loan with a loan repayment period of 30 years, which is quite significant in our view. Hence, we think the record-low interest rate will partly help to alleviate home buyers’ issue of securing home financing, as the record low yield has boosted the affordability of home buyers.”

MIDF Research also said it expected loan demand to recover in the second half of 2020.

Citing Bank Negara’s statistics, it said total applied loan for the purchase of property improved sequentially by 52.9% month-on-month to RM13.1bil in May, after plunging by 64.8% month-on-month in April.

“Note that total applied loan recorded steep decline in April due to the disruption to business activity following the commencement of the MCO.

“Nevertheless, total applied loan in May was lower by 61.8% year-on-year while cumulative total applied loan in the first five months of 2020 was lower by 33.6% year-on-year, indicating buying interest was subdued.”

Looking ahead, the research house expected buying interest to recover in the second half of this year, spurred by incentives introduced by the government.

Under the Short-Term Economic Recovery Plan (Penjana), which was announced in June, the government reintroduced the Home Ownership Campaign (HOC). Under the HOC, stamp duty exemption will be provided on the transfer of property and loan agreement for the purchase of home priced between RM300,000 and RM2.5mil.

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Friday, July 31, 2020

Dirty hands are a sign of clean money




https://youtu.be/0XExSHFkOgw
Image may contain: coffee cup and drink, text that says "IT''s A TO GREAT BiG SOMETHING START DAY"

class="separator"> Dirty hands are the sign of honest, though not necessarily clean, work and labor and thus the income from such work is what we could call clean money. .

A person working with his or her hands, generally, has signs of this ingrained in skin of their hands and it is those people that we should value more than those who have highly manicured hands, whether female or male, who thus, more than likely, have never done an honest day's work.

But society values the latter more than the former, unfortunately, and we can see where that has led us, I am sure. Not only does society value the clean hands, as in no physical dirt on them, but also those that make vast sums of money, which those that do an honest day's work getting their hands dirty, do not.

The worker is the backbone of society for without him or her nothing would get produced, no streets cleaned, no parks and public spaces maintained, no food produced and no wood. The majority of office staff, civil servants, bankers and such like we could well do without, but we cannot do without the worker, the farmer and the forester. Neither, I know, can we do without doctors and nurses, and the cleaners in hospitals. Nor without the carers for the elderly and the sick. But most of those would fall under the term of worker anyway and thus are covered.

The disgrace is that those who toil hard with their hands and do the real work are those that get the lowest share in remuneration from their labors while those who do not do a single stroke of work are the ones who get all the rewards, which really are not due to them.

There are schools, nowadays, and I guess they have always been, who teach the kids that they should not aspire to the “low” jobs of working with their hands with terms such as “you are better than that”, or “we”, referring in that case to the entire school, “we are better than that”. I wonder what they think would happen if there would be not refuse workers, no street cleaners, and such like. For one they would be drowning in their own garbage that they create on a daily basis, not to think about the other things that would not happen would those workers not be there.

by Michael Smith (Veshengro)



Sunday, May 17, 2020

Recognition and Management of Stroke

https://youtu.be/ifTYwME0bqQ

12.7K subscribers
A Department of Cardiovascular Surgery Grand Rounds from the Icahn School of Medicine at Mount Sinai presented by Stanley Tuhrim, MD, and Christopher Kellner, MD. At the end of this video, viewers will be able to: 1. To review the signs and symptoms of acute stroke. 2. To elucidate the current management of acute ischemic stroke. 3. To describe current approaches to endovascular intervention in acute ischemic stroke.
A stroke is a medical condition in which poor blood flow to the brain results in cell death.[5] There are two main types of stroke: ischemic, due to lack of blood flow, and hemorrhagic, due to bleeding.[5] Both result in parts of the brain not functioning properly.[5] Signs and symptoms of a stroke may include an inability to move or feel on one side of the body, problems understanding or speaking, dizziness, or loss of vision to one side.[2][3] Signs and symptoms often appear soon after the stroke has occurred.[3] If symptoms last less than one or two hours it is known as a transient ischemic attack (TIA) or mini-stroke.[3] A hemorrhagic stroke may also be associated with a severe headache.[3] The symptoms of a stroke can be permanent.[5] Long-term complications may include pneumonia or loss of bladder control.[3]
The main risk factor for stroke is high blood pressure.[6] Other risk factors include tobacco smoking, obesity, high blood cholesterol, diabetes mellitus, a previous TIA, end-stage kidney disease, and atrial fibrillation.[2][6][7] An ischemic stroke is typically caused by blockage of a blood vessel, though there are also less common causes.[12][13][14] A hemorrhagic stroke is caused by either bleeding directly into the brain or into the space between the brain's membranes.[12][15] Bleeding may occur due to a ruptured brain aneurysm.[12] Diagnosis is typically based on a physical exam and supported by medical imaging such as a CT scan or MRI scan.[8] A CT scan can rule out bleeding, but may not necessarily rule out ischemia, which early on typically does not show up on a CT scan.[9] Other tests such as an electrocardiogram (ECG) and blood tests are done to determine risk factors and rule out other possible causes.[8] Low blood sugar may cause similar symptoms.[8]
Prevention includes decreasing risk factors, as well as possibly aspirin, statins, surgery to open up the arteries to the brain in those with problematic narrowing, and warfarin in those with atrial fibrillation.[2] A stroke or TIA often requires emergency care.[5] An ischemic stroke, if detected within three to four and half hours, may be treatable with a medication that can break down the clot.[2] Aspirin should be used.[2] Some hemorrhagic strokes benefit from surgery.[2] Treatment to try to recover lost function is called stroke rehabilitation and ideally takes place in a stroke unit; however, these are not available in much of the world.[2]
In 2013 approximately 6.9 million people had an ischemic stroke and 3.4 million people had a hemorrhagic stroke.[16] In 2015 there were about 42.4 million people who had previously had a stroke and were still alive.[10] Between 1990 and 2010 the number of strokes which occurred each year decreased by approximately 10% in the developed world and increased by 10% in the developing world.[17] In 2015, stroke was the second most frequent cause of death after coronary artery disease, accounting for 6.3 million deaths (11% of the total).[11] About 3.0 million deaths resulted from ischemic stroke while 3.3 million deaths resulted from hemorrhagic stroke.[11] About half of people who have had a stroke live less than one year.[2] Overall, two thirds of strokes occurred in those over 65 years old.[17]

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