US-based MKS Instruments to build factory in Malaysia to support wafer fab equipment production

US-based MKS Instruments to build factory in Malaysia to support wafer fab equipment production
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Some of the semiconductor solutions from MKS Instruments.

MKS Instruments, Inc, a Massachusetts, US- based NASDAQ listed company of technologies announced that it is set to create a stock in Penang, Malaysia to help chip fabrication equipment production in the region and worldwide. Its first plant in Asia, the plan is to construct the new facility in three phases, with groundbreaking expected to commence in early 2025 said the company which had revenue of US$ 3.62 billion ( RM17.1 billion ) in 2023. No additional information about the purchase devotion was disclosed.

US-based MKS Instruments to build factory in Malaysia to support wafer fab equipment productionDr. John T. C. Lee, President and CEO of MKS, stated that” MKS has a happy history of inventions and discoveries that have shaped the evolution of the key industries we serve.” ” Penang has a strong semiconductor habitat thanks to its close proximity to our customers and suppliers and strong technology infrastructure. As we strive to continue to be a leader in a wide range of semiconductor production programs, our company’s expansion into Malaysia represents a significant step.

The firm, which has three divisions- &nbsp, Vacuum Solutions, &nbsp, Photonics Solutions&nbsp, and&nbsp, Materials Solutions – applies its science and engineering capabilities to produce instruments, subsystems, systems, operation command solutions and specialist chemicals technologies that improve process performance and optimise productivity for customers. &nbsp,

Chow Kon Yeow, Chief Minister of Penang, said,” Aligning with Penang’s passion to move up the international semiconductor value chain, MKS Instruments unlocks opportunities in transistor production, which creates more high- worth job opportunities for the native workforce. I’m pleased that MKS Instruments chose to relocate to Penang, the Silicon Valley of the East, and I look forward to seeing how successful the business is there.

The Malaysian Investment Development Authority ( MIDA ), which is led by Sikh Shamsul Ibrahim, is the country’s growing reputation as a top destination for investments in advanced technology, with the construction of a new facility in Malaysia. This new facility highlights Malaysia’s attractiveness as a strategic hub for innovation and manufacturing, reflecting the company’s confidence in our highly skilled workforce and favourable business environment”.

He added that Malaysia’s rich pool of talent and resources, made it an ideal location for high- tech companies like MKS Instruments to expand their operations. According to MIDA, MKS’ activities will significantly improve Malaysia’s ability to manufacture goods, in line with the New Industrial Master Plan ( NIMP ) 2030, to create a stronger future for Malaysia’s advanced manufacturing sector.

We invite other industry leaders to choose Malaysia as their preferred investment destination and look forward to a fruitful collaboration. Together, we will drive mutual growth and further enhance Malaysia’s rapidly expanding high- tech ecosystem”, said Sikh Shamsul.