Reasons why Malaysia was selected for this hub, include its "position as a technology-country", "excellent infrastructure and stable supply chain," and more.
AT&S, an Austria-headquartered global manufacturer leader of high-end printed circuit boards and integrated circuit substrates, has chosen Malaysia as its first production plant in Southeast Asia.
This was officially announced by Andreas Gerstenmayer, Chief Executive Officer of AT&S, in a video conference with Malaysian Prime Minister YAB Tan Sri Muhyiddin Yassin in a video conference yesterday (10 June 2021).
The new campus, situated in Kulim Hi-Tech Park, Kedah, will be worth a proposed total investment of RM8.5bn, and aims to create 5,000 high-tech and high impact jobs.
On why Malaysia was chosen for the new hub, Gerstenmayer said: "After very intensive location scouting globally, Malaysia has emerged as the country in which we want to push ahead with our ‘More than AT&S’ strategy. AT&S brings the latest generation of high-end technologies to the country and builds up a completely new technology sector. Besides manufacturing of high-tech products, a significant amount of R&D activities will be executed at this new location.
"Malaysia can benefit its position as a technology-country and can strengthen the region as a hightech manufacturing hub in Asia."
Adding to this, AT&S COO Ingolf Schröder said: "The location in the Kulim Hi-Tech Park, Kedah is a perfect match to our expansion plans. Besides the excellent infrastructure and stable supply chain, the whole ecosystem has been aligned in the last decades, the semiconductor industry has been in Malaysia for more than 30 years and the overall environment is very well developed."
In response, PM Muhyiddin shared that "AT&S’ decision to invest here speaks volumes of its confidence in the Malaysian economy’s capacity and promise of sustainable growth," expressing confidence that "Malaysia's electrical & electronic industry’s skilled talent pool, facilitative investment environment, as well as deep integration with international supply chains, offer the ideal mix for high-tech stakeholders.
"Working hand in hand, 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," the Prime Minister added.
The construction of the facility is scheduled to begin in the second half of 2021, with commercial operations targeted to come on stream in 2024.
Photo / AT&S' website