An investment of US$160 million by Infineon Technologies to expand its production capacity and to upgrade its manufacturing facilities in Malacca, Malaysia is intended to boost its business opportunities in power semiconductors, particularly within the Asia Pacific region. The expenditure will also be allocated to research & development projects at the facility, according to the company. Infineon noted that 42% of its revenues in 2010 came from the Asia region including Japan.
“In order to be successful in Asia you have to do more than just business. It is about recognising the culture and becoming a part of society. We aim to create local value added, contribute knowhow and employ and groom talents,” says Peter Bauer, CEO of Infineon Technologies AG.
The investment will lead directly to 350 news jobs in Malacca this year, adding to nearly 7,000 employees in Malacca.