Press release
MKS Instruments Set to Build a Super Center Factory in Malaysia
The facility will support wafer fabrication equipment production in the region and globally ANDOVER, Mass. and KUALA LUMPUR, Malaysia, June 10, 2024 (GLOBE
About this update from Mks Inc.
[{"type":"text","content":"The facility will support wafer fabrication equipment production in the region and globally\nANDOVER, Mass. and KUALA LUMPUR, Malaysia, June 10, 2024 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today announced that it is set to build a Super Center factory in Penang, Malaysia to support wafer fabrication equipment production in the region and globally. The development plan is to construct the new facility in three phases, with groundbreaking expected to commence in early 2025. YAB Tuan Chow Kon Yeow, Chief Minister of Penang, stated, “Often lauded for its well-developed industrial ecosystem, Penang has the capacities and capabilities to support the needs of industrial players in next-generation technologies and growth strategies. Aligning with Penang’s ambition to move up the global semiconductor value chain, MKS Instruments unlocks opportunities in semiconductor manufacturing, which creates more high-value job opportunities for the local workforce. I am delighted that MKS Instruments chose to locate its new facility here and I hope the Company will be able to reap many benefits from its operation in Penang, the Silicon Valley of the East.” Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) shared his excitement about the Company’s expansion into Malaysia, stating, “MKS Instruments' decision to build a new facility in Malaysia underscores our nation’s growing reputation as a premier destination for advanced technology investments. 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 favorable business environment.” He added, “Malaysia is blessed with a rich stream of talent and resources, making it an ideal location for high-tech companies like MKS Instruments to expand their operations. MIDA believes the Company’s activities in the semiconductor market will significantly enhance the capability of manufacturing processes in Malaysia, aligning with the New Industrial Masterplan 2030 (NIMP2030). MIDA is thrilled to welcome the Company’s investment, marking a pivotal step in our work to build a stronger future for Malaysia's advanced manufacturing sector...