HP to invest RM1b in Penang, expected to sign land deal with state govt

GEORGE TOWN: Hewlett-Packard (HP) will invest over RM1bil to set up a manufacturing facility to produce printer heads for high-speed inkjet printers.

Sources in the electronic industry told StarBiz that HP would sign a deal with the state government by the end of this month to acquire a property estimated to be about 20.2ha in Batu Kawan, Penang, to set up the plant, which would produce the integrated circuit die – used in the head of high-speed inkjet printers – with imported wafer.