According to a statement by the United States-based company, the new 178,000 square-foot facility will serve semiconductor and industrial customers in the region, which is known for its rich community of high-tech manufacturing experts.
It is expected to employ approximately 550 on-site associates inclusive of key roles in operations, electronics manufacturing, test engineering and new product introduction, with an estimated 35 per cent of technical staff.
“The new facility in Penang will not only enable us to get physically closer to many of our customers in the region but also provide greater business continuity and redundancy,” said Advanced Energy's executive vice-president and chief operating officer, Neil Brinker.
The multinational company, with worldwide operations, provides power technology that enables the manufacturing of daily products in a variety of industries, including medical, automotive, consumer electronics, glass and steel.
More details at www.advancedenergy.com