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A noteworthy achievement for Malaysia, a prominent global semiconductor packaging and testing firm commemorated the groundbreaking ceremony for its Malaysia P1 plant situated at Bandar Cassia Technology Park, Pulau Pinang. This state-of-the-art 8-hectare facility represents a substantial investment of RM6 billion (about US$ 1.28 billion), with projections to create nearly 3,000 skilled jobs over the next 15 years.
The plant aims to introduce advanced packaging and testing technologies such as wafer bumping, offering comprehensive turnkey solutions. This initiative is expected to significantly reduce production cycles, enhancing efficiency and competitiveness in the semiconductor industry.
The groundbreaking ceremony was attended by esteemed figures, including YB Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of MITI, who warmly welcomed the company’s move to Malaysia, highlighting the country’s commitment to swift implementation of investors’ commitments.
Additionally, Mr Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, highlighted the substantial advantages the company’s investment brings to Malaysia’s semiconductor industry, enhancing the country’s supply chain and creating high-value job opportunities in engineering and technical fields.
Dato’ Loo Lee Lian, CEO of InvestPenang, expressed pride in Penang being the chosen location for the company, demonstrating foreign investors’ confidence in the region’s potential for growth in advanced technologies. The CEO of the company in Malaysia, emphasised its commitment to fostering innovation and environmental sustainability, with plans to obtain Green Building Initiative (GBI) Green Globes Certification and achieve its 2050 net-zero carbon reduction goal.
As a member of ASE Technology Holding, the company’s expansion in Penang signifies a strategic move towards globalisation, driving collaboration and economic growth while advancing key technologies in the semiconductor industry.
The establishment of the P1 plant is expected to foster innovation in Penang, establishing an advanced packaging and testing base, cultivating semiconductor talents, and enhancing technological capabilities. This initiative will not only strengthen the global packaging and testing market but also contribute to economic growth in the Oriental Silicon Valley.
The company is committed to environmental sustainability, having implemented multiple green manufacturing measures such as energy and water conservation, and waste reduction during the construction stage. The company plans to transition from Corporate Social Responsibility (CSR) to Environment, Social, and Governance (ESG), steadily advancing towards sustainable operations.
The groundbreaking of the company’s P1 plant in Penang represents a significant step towards globalisation, introducing advanced packaging technology and strengthening the existing packaging and testing industry. This initiative will drive collaboration and accelerate economic growth, positioning Malaysia as a key player in the international semiconductor market.
Malaysia is actively pursuing initiatives to position itself as a leading hub for technology, manufacturing, and services industries, aiming to attract substantial investments that will propel the country’s economic growth. With a strategic focus on innovation and infrastructure development, Malaysia is committed to fostering a conducive environment for businesses to thrive.
OpenGov Asia reported that a major technology player has unveiled a significant investment totalling US$2.2 billion over four years to enhance Malaysia’s digital infrastructure, focusing on cloud computing and artificial intelligence (AI). This strategic move aims to boost economic growth, promote inclusivity, and narrow digital disparities.
The Malaysian Investment Development Authority (MIDA) views this investment as pivotal, positioning Malaysia as a top destination for digital ventures and recognising AI’s role in driving innovation and social inclusion. Focused on diversity and inclusivity, the announcement during the AI National Leadership Forum underscores Malaysia’s emergence as a leading digital hub, attracting major technology enterprises.
Such successes highlight Malaysia’s appeal as a prime digital investment hub, fostering a conducive environment for companies and bridging the digital gap to drive business success in the digital era.
