US Fortune 500 company to set up facility in Penang


Lam Research said the site in the Batu Kawan Industrial Park in Penang was identified via its collaboration with the Malaysian Investment Development Authority.

PETALING JAYA: Lam Research Corp, a Fortune 500 company with its headquarters in Fremont, California, will be setting up a production facility at the Batu Kawan Industrial Park in Penang.

While no investment figure was revealed, the company said in a statement yesterday that the new facility will be 700,000 sq ft at the initial phase and may be expanded in the future.

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