{
  "id": 19252343,
  "title": "Edelteq leaves legacy contracts behind; betting on Halovision and Nixma",
  "url": "https://urgent.news/2026/11/10/edelteq-leaves-legacy-contracts-behind-betting-on-halovision-and-nixma",
  "topic": "world",
  "section": "World",
  "published": "2026-11-10T00:00:23.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/11/1574323/edelteq-leaves-legacy-contracts-behind-betting-halovision-and"
  },
  "original_language": "en",
  "account": "Edelteq Holdings Bhd, an automated test equipment (ATE) manufacturer, is shifting its focus from low-margin contracts to high-value technology testing machines. The company's net profit margin fell to just 1.6 percent in the quarter ending June 30, 2026, compared to 3.5 percent a year ago. Edelteq's CEO, Chin Yong Keong, announced the strategic pivot and highlighted two key ventures: a joint venture with Halo Technologies Sdn Bhd called Halovision System Sdn Bhd, and a 51% investment in Penang-based automation technology company Nixma Technology (M) Sdn Bhd. Halovision specializes in AI-powered inspection for semiconductor substrates, while Nixma offers assembly equipment, test handlers, and is involved in producing AI transceivers and cooling integrated circuits, all of which are in high demand. Chin emphasized that the combination of Halovision and Nixma would create a full spectrum of products and services, providing Edelteq with a broader customer base and enhanced capabilities to meet the evolving needs of the market.",
  "summary": "KUALA LUMPUR: Edelteq Holdings Bhd, an automated test equipment (ATE) manufacturer, has been seeing its revenue grow exponentially over the past five quarters, due to a large precision machining contract for parts used in microdevices testing machines.",
  "key_points": [],
  "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."
}