SEBERANG PERAI, May 9 A leading South Korean-based semiconductor manufacturer opened its first South-east Asia facility in Batu Kawan here today, employing a workforce of 700. Simmtech Holdings Co Ltd set up its Malaysia-based subsidiary, Sustio Sdn Bhd, on 18 acres of land at the Batu Kawan.
PETALING JAYA: South Korea-based printed circuit board (PCB) manufacturer, Simmtech, will be investing RM508mil to set up its first large-scale factory at the Kawan Industrial Park in Penang.
Tech: RM508 mil investment in Penang by South Korea's Simmtech to give local equipment players a boost theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
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.