<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 11): 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.</p></div>

<div class=newsTextDataWrapInner><p>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.</p></div>

<div class=newsTextDataWrapInner><p>Financial details of the project were not disclosed.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“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.</p></div>

<div class=newsTextDataWrapInner><p>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.</p></div>

<div class=newsTextDataWrapInner><p>“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.</p></div>


KUALA LUMPUR (June 11): 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.

US-based MKS Instruments to build a factory in Penang

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