Semiconductor manufacturer AT&S to set up production plant in Malaysia

KUALA LUMPUR (Reuters) – Austria-headquartered semiconductor manufacturer AT&S Austria Technologie & Systemtechnik AG plans to invest 8.5 billion ringgit ($2 billion) to set up a production plant in Malaysia, its first in Southeast Asian, Malaysia’s International Trade and Industry Ministry said on Thursday. “Besides manufacturing of high-tech products, a significant amount of R&D activities will be executed at this new location,” AT&S Chief Executive Officer Andreas Gerstenmayer said. Malaysia has a mature electrical and electronics manufacturing sector that supplies to big names including Apple Inc. Exports from the sector make up about 40% of its total annual exports and approximately 7% of global semiconductor trade, according to the government. “AT&S’ footprint in Malaysia will also further boost the development of our semiconductor ecosystem, enable opportunities for our local vendors in the field of advanced electronics and spur high-tech employment for Malaysians,” Prime Minister Muhyiddin Yassin said. ($1 = 4.1170 ringgit)(Reporting by Liz Lee; Editing by Robert Birsel)Related article: MyDIGITAL – Malaysia’s 10-year bid to revitalise the digital economy

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