Tengku Zafrul: Texas Instruments to invest RM14.1b to expand operations in KL and Melaka
13 Jun 2023
The Ministry of Investment, Trade and Industry has secured investment worth RM14.1 billion from US semiconductor giant Texas Instruments Inc (TI) to expand its operations in Kuala Lumpur and Melaka as early as 2025, said Minister Tengku Datuk Seri Zafrul Abdul Aziz.
According to Tengku Zafrul on Twitter, the chipmaker said that the expansion of the new assembly and test factories in the federal territory and the state will create another 1,800 jobs.
The new investment will also support TI’s plan to make 90% of its assembly and test operations internal by 2030 to have greater control of supply.
“TI’s plans to expand its operations reflect Malaysia’s position in the global semiconductor supply chain, while complementing our New Investment Policy and New Industrial Master Plan’s focus on attracting hi-tech, high value investments,” the minister commented in his tweet.
TI recently bought the building next to its existing assembly and test factory in Kuala Lumpur that sits on 18 acres of land.
With a potential investment of up to RM9.6 billion, the company plans to convert the building into an assembly and test factory with more than one million sq ft of cleanroom space.
Construction is expected to start later this year, with production to begin as early as 2025.
The new factory will connect to the company’s existing factory, and create nearly 1,300 additional local jobs at full build.
TI is also constructing a new, six-level assembly and test factory next to its existing Melaka assembly and test factory.
The new factory will include more than 400,000 sq ft of cleanroom space, and will connect to TI’s existing factory.
Source: The Edge Markets