Inari stock broadens growth strategy with photonics and packaging
Published on 11/13/2026 at 01:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSPhotonics Shapes Inari's Growth Plan
- Inari is expanding photonics and advanced packaging capabilities to serve rising AI and data-centre connectivity demand.
- The company plans additional equipment and facilities for FY27 while broadening its pipeline beyond radio-frequency products.
- Inari competes in Malaysia's photonics manufacturing ecosystem with NationGate Holdings and EG Industries.
Inari Amertron is expanding its photonics and advanced semiconductor packaging activities as artificial intelligence and data-centre investment raise demand for faster optical connectivity. The Star reported on Monday, October 26, that chairman Datuk Phang Ah Tong identified photonics as a long-term opportunity in the group's FY26 annual report.
Inari has developed laser and photonics manufacturing capabilities for more than a decade. Its activities include wafer certification, chip fabrication, chip-on-carrier assembly, optical sub-assembly and related testing. The company is expanding its P34 facility in Penang, with further equipment and facilities planned for FY27.
Advanced Packaging Adds Another Growth Avenue
Inari's roadmap covers flip-chip attachment, substrate handling, underfill, moulding, warpage and thermal control. It also includes redistribution layers, copper-pillar bumping, fine-pitch interconnects, interposer assembly and 2.5D-related packaging.
The group expects its broader FY27 product pipeline to increase revenue contribution from photonics and advanced packaging alongside established radio-frequency and industrial products. It has also started a pilot production line for power-management products for AI data-centre cards, although a more meaningful earnings contribution is expected from FY28, according to The Star.
A separate The Star analysis published on Monday, November 9, placed Inari among Malaysian manufacturers participating in the photonics value chain. The report said Inari Semiconductor Labs is developing laser-chip processing, packaging and testing capabilities at its P13 and P34 facilities. CIMB Research expects the unit to become a structural growth driver and projects revenue of about MYR 100 million in FY26, with expansion planned for FY27 and FY28.
Business Model And Competitive Position
Inari Amertron Berhad is a Malaysia-based investment holding company whose subsidiaries provide outsourced semiconductor assembly and testing and electronics manufacturing services. Its main markets include smartphones and mobile devices, automotive, data communications, industrial applications and generic products, while operations span Malaysia, the Philippines and China.
Inari is a specialised Malaysian participant in photonics packaging and optical component manufacturing. NationGate Holdings is also expanding optical communications manufacturing, while EG Industries is developing high-speed optical module production; all three serve different parts of the same local photonics ecosystem.
Inari Amertron at a Glance
- Company: Inari Amertron Berhad
- ISIN: MYQ0166OO007
- Business: Outsourced semiconductor assembly and testing and electronics manufacturing
- Key segments: Photonics, advanced packaging, radio frequency, industrial, automotive and data communications
- Headquarters: Petaling Jaya, Selangor, Malaysia
Malaysia's broader equity market can be followed through current market reports.
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