US Fortune 500 company to set up facility in Penang


Lam Research said the site in the Batu Kawan Industrial Park in Penang was identified via its collaboration with the Malaysian Investment Development Authority.

PETALING JAYA: Lam Research Corp, a Fortune 500 company with its headquarters in Fremont, California, will be setting up a production facility at the Batu Kawan Industrial Park in Penang.

While no investment figure was revealed, the company said in a statement yesterday that the new facility will be 700,000 sq ft at the initial phase and may be expanded in the future.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Reaping the Max from streaming
The ringgit recovery
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Singapore playing roulette with casino licensing
Bidding big on Malaysian art
Inflation rises slightly in October
Building a firm facade

Others Also Read