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ASML Supplier Neways to Develop Semiconductor Fabrication Plant in Malaysia

Last Updated on 25th March 2024

ASML chip equipment supplier Neways announced that it will build a new semiconductor plant in Klang, Malaysia. The new facility is scheduled to commence production in the fourth quarter of 2024. This strategic expansion will provide Neways with additional capacity in Asia, a region that continues to be a significant player in the global semiconductor industry. ASML is one of the largest semiconductor companies in the world.

 

ASML Supplier Neways to Develop Semiconductor Plant in Malaysia
 

Neways will focus on developing and producing advanced modules and cabinets for some of the world’s most renowned players in the semiconductor sector. The company aims to achieve substantial growth, with plans to expand its workforce in Malaysia to over 200 employees.

 

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Hans Büthker, CEO of Neways, said, “We are delighted to announce the establishment of our new manufacturing facility in Klang, Malaysia. The new facility in Malaysia not only fortifies our global manufacturing footprint but also propels our ambitious expansion plans in the region, with a strong focus on the semiconductor sector.”

 

Neways already has a global footprint, with semiconductor fabs in Europe, the US, and China. It is currently constructing a new large-scale production and cleanroom facility in Slovakia, and with the addition of the new facility in Malaysia, Neway is building a strategic presence in Southeast Asia with a prominent position in the semicon sector. Explore our comprehensive global semiconductor database to learn more about their upcoming projects.

 

Read: Intel to Invest $100 Billion to Develop Semiconductor Fabs Across Four States in USA

 

Objectives of the Project

 

Expansion of Production Capacity: The new plant is expected to commence production in the fourth quarter of 2024. This expansion will provide Neways with additional production capacity in Asia, a region that continues to be a significant player in the global semiconductor industry.

 

Strengthening Position in the Semiconductor Sector: The new plant will focus on developing and producing advanced modules and cabinets. This move is expected to strengthen Neway's position in the semiconductor sector and enable it to better serve some of the world's most renowned players in the industry.

 

Leveraging Malaysia's Well-Developed Ecosystem: Malaysia's well-developed ecosystem, which includes a mature semiconductor supply chain, is a major factor in the decision to establish the plant there. This strategic location will allow Neways to leverage local resources and expertise, thereby enhancing its operational efficiency.

 

Read: SK Hynix Plans to Build a $15 Billion Semiconductor Packaging Plant in Indiana

 

About Neways

 

Neways is a global innovator in mission-critical technology for the semiconductor, connectivity, and smart mobility sectors. With more than 50 years of experience and strong engineering power, Neways acts as a technology innovation partner for some of the most demanding customers in the industry.

 

The company develops and produces highly complex electronics that facilitate major trends around global ESG themes. Its team of over 3,000 specialists across the Netherlands, Germany, Slovakia, Czech Republic, USA, and China enables future solutions for EV charging, electric power trains, digitizing health solutions, sustainable agriculture, and producing microchips.

 

Read:  Amkor to Build $2 Billion Semiconductor Fabrication Facility in Peoria City, USA

 

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