Phison's second chance

Pua Khein Seng returns home to spur the local chip industry but headwinds remain.

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*September 24, 2024, 2.01pm: Updated Phison v the rest table.

Phison chief Pua Khein Seng is returning home albeit for the second time. The Taiwan-based tech veteran – dubbed the father of the USB flash drive or the pendrive – recently announced he was going to set up a new venture out of Selangor that’ll be primed for listing on the stock exchange.

Dubbed MaiStorage, Pua is expected to pour in RM100 million in the startup, which will be located at the upcoming Malaysia Semiconductor Accelerator & IC Design Park in Puchong. IC being an acronym for integrated circuit.

But this isn’t Pua’s first rendezvous.