AT&S, the Austria-situated worldwide production chief of high-end printed circuit boards (PCB) and incorporated circuit (IC) substrates, has selected Malaysia as its first manufacturing plant in Southeast Asia.

AT&S CEO Andreas Gerstenmayer met with Prime Minister Tan Sri Muhyiddin Yassin through a video convention on Wednesday to carry out the legit announcement. Senior Minister Datuk Seri said that facilities with a total investment of 8.5 billion ringgits (1.7 billion euros) will be installed in the Kulim High-Tech Park, Kedah, and will produce high-quality printed circuit boards and substrates from IC. According to him, 5,000 high-efficiency high-tech jobs will be created.

In the identical statement, Prime Minister Tan Sri Muhyiddin Yassin said that AT&S’s decision to invest in Malaysia verified its self-assurance with inside. The ability of the Malaysian economic system and its dedication to sustainable growth (E&E). Great funding surroundings and deep integration with the worldwide delivery chain to offer a great mixture for high-tech stakeholders. “Working together, the presence of AT&S Malaysia may also broaden our semiconductor industries, open up possibilities for our neighbourhood superior electronics suppliers, and sell high-tech employment for Malaysians,” he said.

The Prime Minister congratulated AT&S on expanding its business in Malaysia and welcomed the company’s commitment to the country. Mida has been working closely with the company since November last year to ensure the safety of the project. Muhyiddin said: “This investment announcement represents a major victory for Malaysia. In demonstrating our efforts to attract high-quality investments from international companies.”

At the same time, Mohamed Azmin said that AT&S’s recent investment proved foreign investors. Confidence in Malaysia’s economic prospects and the human resources available to meet the needs of companies in the high-tech industry. And also stated that the project is one of the investments approved by the Malaysian Investment Development Authority (Mida). “At the meeting, I expressed my optimism that this investment also provides good prospects for our local SMEs, which can benefit from the established supply chain,” he said.

Austria Technologie & Systemtechnik AG also known as AT&S, manufactures high-quality PCB and IC substrates for mobile devices. Industrial electronics, automotive applications, and medical and health applications. The company has production facilities in various countries like Austria, India, China, and South Korea.

According to the statement, the plant will begin construction in the second half of 2021 (2H21) and start commercial operations in 2024. At the same time, AT&S CEO Andreas Gerstenmayer stated that he has chosen Malaysia after research. He said that the company will bring the latest high-tech technology to the country and create a whole new technological field. In addition to producing high-tech products, a large part of research and development (R&D) is also carried out in this new location.

Combined with the good performance of the total approved investment of 80.6 billion ringgit in manufacturing, services, and raw materials in the first quarter of this year, he said that AT&T’s investment bodies Malaysia’s efforts to recover from Covid-19 pandemic related economic difficulties.

Muhammad Asim