Tuesday July 10, 2012
Infineon to pump RM500mil into Malacca ops over two years
MALACCA: Infineon Technologies has announced a RM500mil investment to expand research and development (R&D) and manufacturing activities over a two-year period at its largest backend manufacturing operation here.
The announcement was made during a ground-breaking ceremony officiated by Chief Minister Datuk Seri Mohd Ali Rustam, German Ambassador Dr Guenter Gruber and Infineon Technologies (M) Sdn Bhd president and managing director Dr Matthias Ludwig.
Ludwig said that besides manufacturing capacity expansion and facilities upgrading, Infineon would add a further 140 R&D engineers to make it a total of 400 R&D staff by the end of next year, depending on global market conditions and business demand.
This, he said, included the construction of a new development centre with a total built-up of 3,000 sq m that would house modern development labs and office space for R&D staff.
The new building is expected to be completed by April next year.
“Innovation is one of the key success factors for Infineon.
“Our focus on sustainable development fits well with Malaysia's Economic Transformation Programme and goal of becoming a high income nation,” he said after the ground-breaking ceremony yesterday.
He added that Infineon would continue to develop competencies in its staff in a bid to drive innovation and add value.
Infieneon embarked on its R&D here in 2005 with the development of innovative integrated circuit packaging solutions.
To ensure efficient support for the development of new products, product transfer and technology changes, its research and development expanded to include test and product development over the years.
The company is presently focusing on building competencies and setting up R&D activities in application engineering and test technology and innovation.
- Seven out of 12 assemblymen wants Lajim as Opposition chief in state assembly
- Robbery at sea of cargo ship being investigated, unsure if pirates involved, say police
- Fire and Rescue Department: 14 areas highly susceptible to forest fires identified
- Judicial Review application filed to declare appointment of ministers unconstitutional
- Lock-up deaths: Permanent coroner's court for each state to deal with deaths in custody, says Shukri
- Want a gun? Just print it out

- Lock-up deaths: Dharmendran's son will never be able to celebrate Father's Day again, says mother

- Pakatan MPs will attend Parliament swearing-in, says Anwar
- Two college students among five arrested for mass robbery
- Scrap metal dealer killed in gang territorial war
- Mentally disabled man missing since Sunday
- Rush to escape storm proves deadly
- Peat fires and the ever-repeating haze
- CCTV to shed light on missing hawker
- Boy nabbed for buying air rifles
- AIA and Public Bank offer new insurance plans
- Tambun Indah plans RM200m capex to expand landbank
- Tune Ins sees healthy growth as air travel, tourism pick up
- Nazir Razak: Rising likelihood of major reversal of hot money out from Asia
- Blue chips edge higher in volatile trade (Update)
- Eversendai tendering for RM8b of projects
- Inter-Pacific Research values AirAsia X at RM1.66
- Affin Research maintains "Add" call on Berjaya Sports Toto
- KLCI opens higher, Genting up
- CIMB Research raises Perisai target price to RM2
- Trading ideas: MAHB, MMHE, Berjaya Sports Toto
- Affin Research maintains "Buy" on IJM Land
- Billionaire Icahn seeks US$16bil Dell share buyback
- CIMB Research upgrades Malaysia’s Small Cap sector to Outperform
- Microsoft says it freed millions of computers worldwide from criminal botnet
- Mexico arrests man on FBI's top 10 Most Wanted list
- Disabled woman, US child held captive with snakes
- World's largest all-solar-powered boat shines in NYC
- Samoan airline introduces 'XL' class
- West Africa has world's worst piracy rate
- Congolese teacher admits killing elephants for ivory: WWF
- NASA enlists public in hunt for major asteroids
- FedEx eyes record win at Wimbledon
- Brazilian Massa looking ahead to team’s revival
- V Shem-Khim Wah face tough opener in Singapore Open
- Springboks’ De Villiers may miss final
- Results worldwide
- Former world junior champ Zulfadli in main draw
- Star Wallaby winger fit to face Lions
- Hesson laments NZ’s failure to grab chance
- Omega Pharma pin Tour hopes on Mark
- Shahidan needs Cabinet nod to hold posts, says Khairy
- Direct flight now to Naypyitaw for Malaysian SEA Games squad
- Aussie Kulacz hopes to repeat 2009 Selangor Masters triumph
- India’s Anirban relying on short putter for success
- Iain steels himself for a good show at Seri Selangor
- Justin’s win inspires English golfers
- Singapore pressures Indonesia to identify firms behind haze
- Nazir Razak: Rising likelihood of major reversal of hot money out from Asia
- Inter-Pacific Research values AirAsia X at RM1.66
- EPF being courted by mid-cap companies
- Vehicle sales down for 2nd consecutive month
- CIMB Research upgrades Malaysia’s Small Cap sector to Outperform
- Astro aims to boost user base to 3.6 million by year-end
- MAHB sets May 2, 2014 as KLIA2 revised opening date
- Talks on the proposed M’sia-Spore Rapid Transit System still going on
- CIMB Research raises Perisai target price to RM2
- Inter-Pacific Research values AirAsia X at RM1.66
- Malaysia-Kuwait tie-up to boost Islamic finance training
- Fitch Affirms Genting and Genting Singapore at 'A-'/ Stable
- MAHB sets May 2, 2014 as KLIA2 revised opening date
- Nazir Razak: Rising likelihood of major reversal of hot money out from Asia
- Affin Research maintains "Add" call on Berjaya Sports Toto
- Trading ideas: MAHB, MMHE, Berjaya Sports Toto
- CIMB Research raises Perisai target price to RM2
- Hong Kong probes HSBC, other banks for alleged misconduct
- Saudi prince plans mile-high tower


