US-based MKS Instruments to build a factory in Penang
11 Jun 2024
US-based MKS Instruments, Inc said on Tuesday that it plans to build a factory in Penang to support wafer fabrication equipment production in the region and globally.
MKS, which makes instruments, subsystems, systems, and process control products, will construct the new facility in three phases, the Malaysian Investment Development Authority (Mida) said in a statement. Groundbreaking is expected to commence in early 2025, the state agency noted.
Financial details of the project were not disclosed.
“This new facility highlights Malaysia’s attractiveness as a strategic hub for innovation and manufacturing, reflecting the company’s confidence in our highly skilled workforce and favourable business environment,” said Mida chief executive officer Sikh Shamsul Ibrahim Sikh Abdul Majid.
Penang is home to a strong semiconductor ecosystem with close proximity to MKS’ customers and suppliers and robust technology infrastructure, Dr John TC Lee, chief executive officer of MKS, said in the same statement.
“Expanding our business in Malaysia is an important milestone for our company, as we seek to continue to enhance our capabilities as a leader across a broad array of semiconductor manufacturing applications,” he said.
Source: The Edge Malaysia
