Infineon to invest US$233mil in Melaka
By Digital News Asia November 9, 2015
- Additional manufacturing capacities of 12,000 sq metres by 2020
- To add 600 jobs, bringing total no of employees in the state to 9K+
INFINEON Technologies (Malaysia) Sdn Bhd said it will invest RM1 billion (US$233 million at current rates) in capacity expansion, innovation, and upgrading its manufacturing facilities in the state of Melaka.
The investment forms part of Infineon’s planned capital expenditure this year, the company said in a statement.
The expansion plans were announced at the opening of a new premise and the ground-breaking ceremony for further multi-storey production floors, said the company, the Malaysian subsidiary of German microelectronics giant Infineon Technologies AG.
Additional manufacturing capacities of 12,000 sq metres are scheduled to be fully completed by 2020, whereas building and facilities are expected to be completed by October, 2016.
The expanded production capacity will add up to 600 new jobs, bringing the total number of employees in Melaka to more than 9,000 by 2016.
“This year’s investment in manufacturing capacity and development capabilities is an affirmation of our long-term plan for Melaka towards products and services of higher value,” said Infineon Melaka president and managing director Lee Cheong Chee.
“It underscores Infineon’s commitment to strategically develop our human capital in Melaka,” he added.
Since its inception in 1973, Infineon Technologies Malaysia has continuously expanded its operations and enlarged its manufacturing facilities to become the largest backend manufacturing site for Infineon and the largest employer in the Melaka state.
Semiconductor devices produced by Infineon in Melaka in the last fiscal year have an estimated annual export value of over RM6 billion, the company said.
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