Simmtech to invest RM508mil for Penang factory

Mida chief executive officer Datuk Arham Abdul Rahman also shared that the electrical and electronics manufacturing industry was rapidly evolving. “More companies are demanding knowledge-intensive, hi-tech and innovative activities. Mida is targeting more front-end and back-end semiconductor players, as well as their supply chains to consider Malaysia as an alternative site for their production."

PETALING JAYA: South Korea-based printed circuit board (PCB) manufacturer, Simmtech, will be investing RM508mil to set up its first large-scale factory at the Kawan Industrial Park in Penang.

Simmtech and the Malaysian Investment Development Authority (Mida) said in a joint statement that the new factory will create more than 1,000 high-skilled jobs in engineering, manufacturing and quality management by the first half of 2022.