China tech firm xFusion partners Malaysian manufacturer NationGate to open RM1.7b facility in Penang - MIDA | Malaysian Investment Development Authority
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China tech firm xFusion partners Malaysian manufacturer NationGate to open RM1.7b facility in Penang

China tech firm xFusion partners Malaysian manufacturer NationGate to open RM1.7b facility in Penang

01 Sep 2023

Leading global provider of computer power infrastructure and services, xFusion International Pte Ltd, has partnered with NationGate Holdings Berhad to set up a global supply centre (GSC) in Perai here.

This is the Chinese-based company’s first global supply centre in Malaysia.

“By 2024, the Penang GSC will supply the full range of xFusion products including the latest GPU servers and the annual production capacity will exceed more than 150,000 units, covering around 80 per cent of the global shipments outside of China,” xFusion chief executive officer Jeffrey Liu told a press conference after the launch of the xFusion Penang GSC here today.

He said the company also plans to further establish a research and development centre in Malaysia and Singapore and to increase their investment in the South-east Asian region.

“We expect to have thousands of job opportunities, specifically in the R&D sector,” he said.

Penang-based electronics manufacturing services provider, NationGate is xFusion’s strategic partner to manufacture the GPU (Graphics Processing Unit) servers for the global market.

Liu said the Penang GSC, covering 254,491 sq ft, has an annual production capacity of over 150,000 units of equipment including the GPU server and it will be the key hub for xFusion’s international market.

He added that xFusion hopes to be in the top two companies for computer power infrastructure and services in China and top four globally with a revenue growth rate of over 30 per cent.

“We have successfully served over 200 global Fortune 509 companies and customers with high computing demand such as Singapore’s SEA, Korea’s Kakao, Volkswagen Group, Banco do Brazil, Saudi Aramco and many more,” he said.

He said xFusion has also forged partnerships with Intel, Nvidia, Samsung and VMware.

Penang Chief Minister Chow Kon Yeow, who was also present at the same news conference, pointed out the state’s thriving ecosystem of electronics and electrical players.

“I am hopeful for this new global supply centre to strengthen xFusion worldwide supply network, while ensuring continuous and consistent delivery of products and services globally.

“With an investment value of RM1.7 billion for the next three years, this state-of-the-art centre is poised to have an expected production capacity of over 150,000 units of servers annually,” he added.

He said Penang is committed to promoting the growth of emerging sectors here.

“I am confident this collaboration between xFusion and NationGate will translate into immense potential which will only strengthen Penang’s digital infrastructure and connectivity,” Chow said.

Source: Malay Mail