Infineon will invest US$787 million in Malaysia
According to Malaysian media reports, Infineon has promised to invest RM3.25 billion (approximately US$787 million) in Malaysia in the next ten years (before 2029).
Malaysian Prime Minister Tan Sri Muhyiddin Yassin announced the news during a visit to Infineon’s Batu Berendam factory on Monday.
To date, Malaysia is the only country outside Germany where Infineon has both Wafer Fabrication and Assembly and Test facilities, comprising both "front-end" and "back-end" manufacturing processes.
Infineon Melaka has also grown from a conventional manufacturing site to one of the leading research and development centres.
Infineon has been operating in Malaysia for 47 years and has nearly 9,000 employees. It is also the largest employer in Malacca, accounting for 2% of the state's total labor force.
The article is originally written by @SemiMediaEdit posted on SemiMedia. All rights reserved.