Infineon's new 5 bln-Euro investment in line with Madani economy's concept - PM Anwar - MIDA | Malaysian Investment Development Authority
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Infineon’s new 5 bln-Euro investment in line with Madani economy’s concept — PM Anwar

Infineon’s new 5 bln-Euro investment in line with Madani economy’s concept — PM Anwar

03 Aug 2023

Global semiconductor company Infineon Technologies AG’s announcement of an additional investment of up to five billion euros (1 euro=RM4.99) is in line with the Madani Economy’s concept of making Malaysia as an Asian economic leader and among the world’s 30 largest economies, said Prime Minister Datuk Seri Anwar Ibrahim.

He said the chip maker’s confidence in Malaysia’s investment ecosystem reflects the country’s importance in the global semiconductor supply chain.

“I welcome Infineon’s investment announcement which is a testament to its confidence in Malaysia.

“The announcement came following my discussion with Infineon chief operations officer Dr Rutger Wijburg on July 24, 2023,” he said in a statement issued by the Prime Minister’s Office today.

He noted that Infineon plans to invest the five billion euros to expand its facility in Kulim, Kedah, by building the world’s largest 200-millimetre silicon carbide (SiC) power fabrication plant over the next five years.

Since five decades ago, Infineon has made Malaysia as an important hub via its wafer fabrication in Kulim and the chip packaging operation in Batu Berendam, Melaka.

“This (investment) will complement the National Investment Aspirations and the New Industrial Master Plan 2030, which aim to attract high-tech and high-value investments to support economies globally and domestically,” he added.

Source: Bernama