MKS Instruments Set to Build a Super Center Factory in Malaysia
June 10 2024 - 8:00AM
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. We look forward to a successful collaboration
and invite other industry leaders to choose Malaysia as their
preferred investment destination. Together, we will drive mutual
growth and further enhance Malaysia’s rapidly expanding high-tech
ecosystem.”
“MKS has a proud history of innovations and inventions that have
shaped the evolution of the key industries we serve,” said Dr. John
T.C. Lee, President and Chief Executive Officer of MKS. “With close
proximity to our customers, suppliers and a robust technology
infrastructure, Penang is home to a strong semiconductor ecosystem.
Expanding our business in Malaysia is an important milestone for
our Company as we seek to continue to enhance our capabilities as a
leader across a broad array of semiconductor manufacturing
applications.”
About MIDAMIDA is the government’s principal
investment promotion and development agency under the Ministry of
Investment, Trade and Industry (MITI) to oversee and drive
investments into the manufacturing and services sectors in
Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12
regional and 21 overseas offices. MIDA continues to be the
strategic partner to businesses in seizing the opportunities
arising from the technology revolution of this era. For more
information, please visit www.mida.gov.my and follow us on X,
Instagram, Facebook, LinkedIn, TikTok and YouTube channel.
About InvestPenangInvestPenang is the Penang
State Government’s principal agency for the promotion of
investment. Its objectives are to develop and sustain Penang’s
economy by enhancing and continuously supporting business
activities in the State through foreign and local investments,
including spawning viable new growth centers. To realize its
objectives, InvestPenang also runs initiatives like the SMART
Penang Center (providing assistance to SMEs), Penang CAT Center
(for talent attraction and retention), and Global Business Services
(GBS) Focus Group (promoting and developing digital economy). For
more information, please visit https://investpenang.gov.my/ and
follow InvestPenang’s social media channels Facebook and
LinkedIn.
About MKS InstrumentsMKS Instruments enables
technologies that transform our world. We deliver foundational
technology solutions to leading edge semiconductor manufacturing,
electronics and packaging, and specialty industrial applications.
We apply our broad science and engineering capabilities to create
instruments, subsystems, systems, process control solutions and
specialty chemicals technology that improve process performance,
optimize productivity and enable unique innovations for many of the
world’s leading technology and industrial companies. Our solutions
are critical to addressing the challenges of miniaturization and
complexity in advanced device manufacturing by enabling increased
power, speed, feature enhancement, and optimized connectivity. Our
solutions are also critical to addressing ever-increasing
performance requirements across a wide array of specialty
industrial applications. Additional information can be found at
www.mks.com.
Safe Harbor for Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 regarding MKS’ construction of a
factory in Malaysia. Any statements that are not statements of
historical fact should be considered to be forward-looking
statements. Actual events or results may differ materially from
those in the forward-looking statements set forth herein, including
as a result of the factors described in MKS’ Annual Report on Form
10-K for the year ended December 31, 2023 and any subsequent
Quarterly Reports on Form 10-Q, as filed with the U.S. Securities
and Exchange Commission. MKS is under no obligation to, and
expressly disclaims any obligation to, update or alter these
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date of this press
release.
Media Contacts:
MIDA
Ms. Zakiah SajidanDirector, Machinery and Metal Technology
DivisionEmail: zakiah@mida.gov.myTel.: +603 22676769
InvestPenang
Ms. Elaine CheahCommunications & Business
IntelligenceEmail: elaine@investpenang.gov.myTel.: +604
6468833
MKS Instruments
Mr. Bill Casey Senior Director, Marketing Communications
Email: press@mksinst.comTel.: +1 630 995 6384
Ms. Kerry KellyPartner, Kekst CNC Email:
Kerry.kelly@kekstcnc.com
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