MKS Instruments invests US$100bil in super centre factory in Penang


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

MKS executive vice-president, 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 square feet, and will employ approximately 1,000 people," he said in his speech at the factory’s groundbreaking ceremony at Batu Kawan, here today.

The ceremony was officiated by Bukit Tambun state assemblyman Goh Choon Aik, who is also InvestPenang’s director. Also present were the United States Embassy’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 its 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 has cemented its position as a preferred global destination for electronics and electrical 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 Instruments' expansion into Penang is a testament to the state's appeal as a preferred investment destination, supported by its robust ecosystem," he added. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

MKS Instruments , investment , factory , David Henry ,

   

Next In Business News

ViTrox remains cautiously optimistic for 4Q24 amid challenges
Allianz: Malaysia's inflation likely to trend at 2.9% in 2025
AWC wins RM9.5mil contract for Sungai Melaka immigration complex
Nestle posts RM85mil net profit in 3Q, declares 35 sen dividend
Ringgit gains vs greenback on stable inflation data
Texchem confident in sustaining performance amid positive economic outlook
CLMT reports 24% rise in net property income for 9M24
AirAsia X reports 84% passenger load factor in 3Q24
FBM KLCI falls for fourth straight day, down 9.30 points
Ringgit expected to rise 5% if Kamala Harris is elected US president - Allianz

Others Also Read