Wednesday 30 Oct 2024
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BATU KAWAN (Oct 24): MKS Instruments Inc, a global technology solutions provider, is investing US$100 million (RM434.80 million) to build a super centre factory in Penang to support wafer fabrication equipment production, both regionally and globally.

MKS executive vice-president of operations and corporate marketing David Henry said the factory will be built in three phases, with the first phase scheduled for completion in the first half of 2026.

"The state-of-the-art facility will be located on a 6.88-hectare plot, spanning approximately 500,000 sq ft, and will employ approximately 1,000 people," he said in his speech at the factory’s groundbreaking ceremony here on Thursday.

The ceremony was officiated by Bukit Tambun assemblyman Goh Choon Aik, who is also a director of InvestPenang. Also present were the US Embassy in Kuala Lumpur’s commercial counsellor Francis Peters and InvestPenang chief executive officer Datuk Loo Lee Lian.

In his speech, Henry highlighted Penang’s strong semiconductor ecosystem, emphasising its strategic location near customers and suppliers, along with its advanced technology infrastructure.

"Establishing a significant presence here is a key component of our long-term capital strategy.

"Expanding into Penang strengthens our global footprint, bringing us closer to customers and suppliers while leveraging the robust technology infrastructure and deep talent pool,” he said.

He added that the move will further drive innovation and enhance the company’s capabilities as a leader across a broad array of semiconductor manufacturing applications.

Meanwhile, Goh said Penang had cemented its position as a preferred global destination for electrical and electronics investments in Southeast Asia.

He said with a legacy of five decades of industrialisation and a reputation for innovation and technological excellence, the state offers a thriving industrial ecosystem that naturally attracts investors.

"MKS' expansion into Penang is a testament to the state's appeal as a preferred investment destination, supported by its robust ecosystem," he added.

Uploaded by Tham Yek Lee

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