January 22, 2024 /SemiMedia/ -- According to reports, ASE Group announced that its Malaysian subsidiary invested 69.696 million ringgit (approximately US$14.743 million) to acquire a piece of land in a science and technology park in Penang, Malaysia.

Industry insiders said that ASE’s investment in Penang, Malaysia is to expand advanced packaging production capacity.

The report pointed out that in recent years, ASE has actively expanded the production capacity of its packaging and testing plant in Malaysia. In November 2022, the fourth and fifth new plants in Penang, Malaysia, broke ground and are expected to be completed in 2025. ASE revealed at the time that it would invest US$300 million within five years to expand its production plant in Malaysia, purchase advanced equipment, and train more engineering talents.

ASE pointed out in September 2023 that the annual turnover of the Penang plant is approximately US$350 million. It is estimated that the Penang plant's turnover will double to US$750 million in 2 to 3 years.

According to public information, the products of ASE’s packaging and testing plant in Penang, Malaysia include lead frame packaging, BGA packaging, flip chip packaging, memory packaging, wafer level chip size packaging (WLCSP), etc.