Austria’s AT&S plans $2 bln investment in Malaysian plant

KUALA LUMPUR: Austria-headquartered semiconductor manufacturer AT&S Austria Technologie & Systemtechnik AG plans to invest 8.5 billion ringgit ($2 billion) to set up a production plant in Malaysia, its first in Southeast Asian, Malaysia’s International Trade and Industry Ministry said on Thursday.

Construction of the facility in Kulim Hi-Tech Park in the northern state of Kedah, is scheduled to begin in the second half of this year and commercial operations are targeted to commence in 2024, the ministry said in a statement.

“Besides manufacturing of high-tech products, a significant amount of R&D activities will be executed at this new location,” AT&S Chief Executive Officer Andreas Gerstenmayer said.