August 8, 2017, Melaka – “I am pleased to see that Infineon continues to expand in Malaysia with the opening of the new building that support its operations towards the era of industry 4.0. More companies need to follow Infineon’s footsteps in maintaining their competitiveness. As business trends evolve with the rise of new and disruptive technologies, companies have to transform and up-scale their productions or risk losing out in capturing market opportunities,”said the second Minister of International Trade and Industry, YB Dato' Seri Ong Ka Chuan at the opening ceremony of Infineon Technologies Malaysia’s new building, Block 8 today.
Infineon's presence adds to the portfolio of companies from Germany that continues to invest, expand and diversify their projects in Malaysia. As at 2016, a total of 417 manufacturing projects with Germany participations valued at US$8.8 Billion (RM31.21 billion) have been implemented and created more than 44,000 jobs for the country. The projects are mainly in the electrical & electronics (E&E), petroleum products including petrochemical, chemical and, scientific and measuring equipment industries. This made Germany the fourth largest investor in Malaysia after Japan, US and Singapore in the manufacturing sector.
“As of July 2017, Infineon Melaka alone contributes 2% of the total workforce in the state. It is estimated that the company also supports some 636 local vendors, enabling them to generate revenue of close to half a billion ringgit in 2016. With this expansion, there will be an increased production capacity of 30%. It will create additional 284 employment opportunities for Malaysians, as well as 600 more new job opportunities for local vendors and suppliers, added Dato’ Seri Ong Ka Chuan.
YB Minister II also highlighted that, “Infineon has been working closely with the Malaysian Investment Development Authority (MIDA) to address their manpower requirement. The company has been participating in various events organised by MIDA including the MIDA Job Fair and Dialogue session. With this new expansion project, there will also be more collaborations with local universities namely Multimedia University (MMU) and Universiti Teknikal Malaysia Melaka (UTeM) in developing engineering talent, particularly for the semiconductor segment.”
“Infineon’s expansion also reflects the attractiveness of Malaysia as a competitive location for companies to tap into the emerging opportunities in the ASEAN region. As demand for E&E products is projected to grow significantly, I am confident that Infineon has made the right decision to seize the growing opportunities by making Malaysia their gateway to the wider ASEAN market,” said YB Minister II.
For further information, please contact:
Mr. Haffizam Abu Seman
Director, Malaysian Investment Development Authority (MIDA)
Tel: (606) 232 2877
Email: [email protected]
MIDA is the government's principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 23 overseas offices. This year as the organisation celebrates its 50th anniversary, 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 Twitter and Facebook.