JF MICROTECHNOLOGY Sdn Bhd (JFMSB), a wholly owned subsidiary of leading innovator and manufacturer of high-performance test contacting solutions for global integrated circuit (IC) makers, JF Technology Bhd, has been granted six new patents from the Intellectual Property Authorities of Malaysia (three), the US (two), and the Philippines (one).
Of the six new patents, two are related to the invention of high frequency IC test contacting solution mainly for 5G applications while the remaining four patents are related to the invention of IC test contacting solution for automotive applications.
“At JF Tech, we place huge emphasis on the importance of intellectual properties (IP). The group continuously invest in research & development (R&D) for the creation of IP,” commented JF Tech’s managing director Datuk Foong Wei Kuong.
“JF Tech has filed for a total of 68 patents in various countries, of which 33 patents have been granted with the remaining 35 pending approval.”
For products that fall under the six new patents, Foong said JF Tech will enjoy the exclusive rights for the many years to come.
“Furthermore, by enhancing our IP, it allows us to remain at the forefront of our industry and strengthen our competitive advantages,” he pointed out. “It also significantly increases the value proposition to our existing and potential customers.”
At the same time, the group also plans to monetise its IP through licensing which is one of our growth drivers as well.
“FF Tech strongly believes that our 5G and automotive testing applications patents will play a pivotal role in the game changing 5G deployment and the accelerating electric vehicle (EV) penetration worldwide,” projected Foong.
“EV models require higher semiconductor content value compared to traditional internal combustion engine models, this would in turn benefit us.”
He further expects the roll-out of the 5G network which takes center stage around the world – including Malaysia under the MyDIGITAL initiative – to generate a new wave of demand for 5G enabled equipment and devices which bodes well for JF Tech.
On balance, the outlook of the group continues to be promising as it continues to ride on the upward trajectory of the global semiconductor industry, added Foong.
At 3.40pm, JF Tech was up 6 sen or 4.55% to RM1.38 with 6.22 million shares traded, thus valuing the company at RM1.27 bil. – July 5, 2021
