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.

“Construction is expected to begin in early 2020, with the first shipment by 2021. With the new facility, it is projected that there will be up to approximately 350 jobs added over the next three years, including roles in manufacturing, facilities and on-site shipping and receiving.”

Lam Research is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry.

In the same statement, Lam Research global operations senior vice president Kevin Jennings said the new facility will add to the company’s existing global production footprint, namely in the US, South Korea and Austria.

“This facility is additive to Lam’s global operations and enables us to provide additional capacity, ensure business continuity for critical activities and most importantly, improve our speed to solutions by being closer to customers and suppliers in the region.”

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

In the same statement also, Finance Minister Lim Guan Eng said the establishment of Lam Research’s new advanced technology production facility in Batu Kawan was a mark of confidence in the capacity and promise of sustainable growth of the Malaysian economy, especially in the manufacturing sector.

“We are confident that Malaysia’s attractive talent pool, facilitative investment environment, as well as its deep integration with the international supply chain, offers the right mix for the high-tech sectors, ” he said.

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