Infineon invests $160million to expand manufacturing capacity
Infineon Technologies has announced it is to invest $160million in a bid to expand its production capacity, R&D and to upgrade its manufacturing facilities in Malacca, Malaysia.
According to the firm, this investment will mainly increase the capacity to produce power semiconductors for energy efficiency applications and will add 350 jobs throughout 2011. Infineon currently employs nearly 7000 employees in Malacca.
The company says it is another step to expand its presence in Asia and to integrate more tightly into local market structures. In 2010 it generated 42% of its revenues in the Asia region and ceo, Peter Bauer, pictured, says he is keen to increase this figure. "In order to be successful in Asia you have to do more than just business," Bauer said. "It is about recognising the culture and becoming a part of society. We aim to create local value added, contribute know how and employ and groom talents."
