ViTrox

ViTrox Corporation Berhad (MYX: 0097) is a Malaysian based electronics company located at Penang, Malaysia. Vitrox specializes in designing and developing automated vision inspection system and equipment testers for the semiconductor and electronic packaging industries as well as electronic communications equipment.

ViTrox Corporation Berhad
TypePublicly traded company
MYX: 0097
ISINMYQ0097OO004
IndustryMachine Vision OEM
Electronics
Founded2000
FounderChu Jenn Weng
Steven Siaw Kok Tong
Yeoh Shih Hoong
Headquarters
Penang
,
Malaysia
Area served
Worldwide
ProductsMachine Vision, Automated X-ray inspection, Automated optical inspection
Revenue RM394.7 million (2018)[1]
RM35.2 million (2011)
Number of employees
800+ (2018) [2]
Websitewww.vitrox.com

The name ViTrox reflects the core business of the company, which is machine vision and electronics. [3][4]

ViTrox's core products are its Machine Vision System (MVS), Automated Board Inspection (ABI) and Electronics Communication System (ECS).[5]

History

ViTrox Technologies was established in 2000 in Penang by Chu Jenn Weng and Steven Siaw Kok Tong who studied together at University Sains Malaysia in 1990's inside their bedroom garage . Chu JW had an inspiration of becoming an entrepreneur after visiting Hewlett Packard garage in USA. Therefore, after he had worked in a MNC for several years, he roped in Steven Siaw Kok Tong as a business partner to handle the operations and marketing parts of business meanwhile Chu Jenn Weng focus on the technical sides of the operations. As their business expanded, the business operations was moved from their bedroom garage to the Krystal Point, Bayan Baru. As the business continued to grow, business operations moved to several places.[3][4][6]

In 2006, ViTrox secure exclusive contracts with SRM, another Penang based MNC specializing in electric test handler for 10 years estimated to be worth of RM100 million.[7] During the financial crisis of 2007–2008, ViTrox Technologies purchased AXI and AOI business unit from Agilent as the former company decides to exit the business to focus on the electronic test. [8]

With the purchase of AXI and AOI from Agilent, ViTrox Technologies now have 4 different segments of business units which are system integrator and provider of high-speed machine vision inspection systems, automated optical inspection, X-Ray inspection and electronics communication systems to cater different kind of vision test for different segments of customer bases in semiconductor related industries worldwide. ViTrox key customers are in the back-end semi-conductor assembly and packaging industry as well as the electronics manufacturing and contract manufacturing industry. [9]

In 2013, ViTrox have an internal target of "555 strategy" which meant have the annual turnover of MYR500 million, have 500 employees by the end of 2015. But as the year 2015 is reaching near with the target is nowhere near the sights, Chu Jenn Weng switching its plan to "Asia Expansion Strategy" whereby they are focusing in Asia regions naming China, Taiwan, Japan, Korea, Indonesia and Philippines. [10][11]

Business unit

ViTrox is specialized in machine vision system (MVS), automated optical inspection (AOI), and automated X-ray inspection (AXI) system.

Office Locations

Currently, there are total of 8 offices branches across the globe.

Local Offices
  • Penang, Batu Kawan Industrial Park (Headquarter/ViTrox Campus 2.0)[12]
  • Penang, Bayan Lepas Phase IV (ViTrox Innovation Center)
  • Selangor, Cyberjaya, Multimedia University, Faculty of Computing and Informatics (ViTrox Vision Lab, R&D Center and Application Center)
  • Malacca (Service Center for Southern Malaysia & Singapore)

Overseas Offices
  • Thailand (Service Center for Thailand)
  • China, Suzhou (Service Center & Marketing Office For China)
  • China, Shenzhen (ViTrox Shenzhen Demo Centre)
  • United States, California, Fremont (Service Center & R&D Center)[13]
  • Germany, Lohr am Main (Service Center & Marketing Office For Europe)

References
  1. "Annual Report". Fortune. April 23, 2019.
  2. http://tradingandpsychology.blogspot.com/2019/03/invest-malaysia-2019-vitrox-corporation.html
  3. "ViTrox – homegrown high-tech firm". The Star. Penang, Malaysia. 27 Oct 2012. Retrieved 24 Jan 2014.
  4. http://www.theedgemalaysia.com/business-news/246877-vitrox-eyes-maas-targets-rm500m-market-cap.html
  5. "Background". 19 Sep 2020. Retrieved 19 Sep 2020.
  6. "Vitrox has avision to go far". Fortune. March 2011. Retrieved 14 Sep 2013.
  7. "ViTrox Secures 10-Year Contract Worth RM100 Million". 12 Dec 2006.
  8. "ViTrox Corp Warrants Closer Inspection" (PDF). 31 October 2013.
  9. "ViTrox Corp Berhad Company Description". 13 Jan 2010. Retrieved 24 Jan 2014.
  10. "Stretch Targets Are Par For The Course". 28 April 2014. Retrieved 1 April 2015.
  11. "ViTrox to focus on Asia Expansion Plan". 2 June 2014. Retrieved 1 April 2015.
  12. http://www.vitrox.com/news/news-5-jul-18-moving-campus-2.php
  13. https://www.vitrox.com/contact-us/contact-information.php
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