Friday, 30 Jul 2021 10:03 AM MYT
BY OPALYN MOK
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GEORGE TOWN, July 30 A Korean semiconductor company, Simmtech Holdings Inc, is setting up its first plant in Malaysia with a RM508 million (USD120 million) investment in Penang.
Simmtech Southeast Asia Managing Director Jeffery Chun said construction for the new plant on an 18-acre site in Batu Kawan Industrial Park started in May this year.
“We have spent many years looking for a suitable location for our expansion before deciding on Penang,” Chun said during a joint virtual press conference with Penang Chief Minister Chow Kon Yeow.