Korean semiconductor company sets up RM508m plant in Penang | Money
Friday, 30 Jul 2021 10:03 AM MYT BY OPALYN MOK Follow us on Instagram and subscribe to our Telegram channel for the latest updates. GEORGE TOWN, July 30 — A Korean semiconductor company, Simmtech Holdings Inc, is setting up its first plant in Malaysia with a RM508 million (USD120 million) investment in Penang. Simmtech Southeast Asia Managing Director Jeffery Chun said construction for the new plant on an 18-acre site in Batu Kawan Industrial Park started in May this year. “We have spent many years looking for a suitable location for our expansion before deciding on Penang,” Chun said...
Source: malaymail.com