RM2 Billion Investment In Penang

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SAN FRANCISCO, Feb 19 — P Linear Technology Corporation, a US-company, has invested an additional RM2 billion in its Penang plant, said International Trade and Industry Minister, Datuk Seri Mustapa Mohamed.

Penang Industry Minister Datuk Seri Mustapa Mohamed (image credit)

An advanced integrated circuit manufacturer, Linear Technology, owns Linear Semiconductor Sdn Bhd.

This is a big success for the Malaysian business ecosystem, he told Malaysian journalists here yesterday.

“It is a great recognition for Malaysia as the Silicon Valley of the East,” he said.

However, he did not furnish further details of the additional investment put up by the American IT company.

Mustapa was here to attend the US-ASEAN Summit in Sunnylands on Monday and Tuesday, the ASEAN Economic Ministers Roadshow organised by the United States government on Wednesday and yesterday, as well as a business seminar at San Jose in Silicon Valley today.

He said American companies saw ASEAN as having great potential with the establishment of the ASEAN Economic Community, a truly single market and production base with freer movement of goods and services.

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