{
  "id": 14099311,
  "title": "IJM's RM1.23bil Kulim deal signals breakthrough in semiconductor manufacturing",
  "url": "https://urgent.news/2026/10/13/ijms-rm1-23bil-kulim-deal-signals-breakthrough-in-semiconductor",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-13T02:37:28.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1554204/ijms-rm123bil-kulim-deal-signals-breakthrough-semiconductor"
  },
  "original_language": "en",
  "account": "A RM1.23 billion contract to build a semiconductor manufacturing facility in Kulim has been awarded to IJM Corp Bhd, marking a significant breakthrough for the company's advanced manufacturing business. The fast-track project, to be constructed in the fourth quarter of 2026, will generate a high-single-digit profit before tax and potentially boost earnings in the financial years ending March 2027 and 2028. Hong Leong Investment Bank analyst Brian Chin noted that IJM's in-house industrialised building system (IBS) capabilities were likely instrumental in securing the contract, given its tight 14-month construction timeline. The deal, awarded to IJM Construction, a wholly-owned subsidiary of IJM, is the company's first billion-ringgit semiconductor plant package as a main contractor, bolstering its position in Malaysia's semiconductor supply chain.",
  "summary": "KUALA LUMPUR: IJM Corp Bhd’s RM1.23 billion contract to build a semiconductor manufacturing facility in Kulim marks a breakthrough in its advanced manufacturing business, analysts said.",
  "key_points": [
    "IJM Corp Bhd secures RM1.23 billion semiconductor facility contract in Kulim.",
    "Fast-track project to begin construction in fourth quarter of 2026.",
    "IJM's industrialised building system capabilities crucial for contract win."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}