KUALA LUMPUR, Feb 4 – Lam Research Corporation (Nasdaq: LRCX), in collaboration with the Malaysian Investment Development Authority (MIDA) today announced that Lam has selected Batu Kawan Industrial Park in Penang, Malaysia as the location for a new advanced technology production facility.
“MITI and MIDA have been hard at work to entice more quality investments globally, particularly in the areas of technology and innovation to propel Malaysia to greater heights. This project, in particular, will ultimately create new opportunities for local businesses and vendors as well as high-value jobs for Malaysians.” said YB Datuk Darell Leiking, Minister of International Trade and Industry (MITI).
The new facility will be 700,000 square feet at the initial phase; with the opportunity to expand 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.
The Minister of Finance, YB Mr Lim Guan Eng, said, “The establishment of Lam Research’s new advanced technology production facility in Batu Kawan is 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.”
Lam’s global operations are essential to its success in quickly delivering innovative technologies to its customers worldwide. This expansion adds to Lam’s existing global production footprint with locations in the United States, South Korea, and Austria.
“We are excited to partner with the Government of Malaysia, specifically with the state of Penang, as we add to our global footprint,” said Kevin Jennings, Senior Vice President, Global Operations of Lam Research. “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.”