{"id":39307,"date":"2023-01-09T12:16:50","date_gmt":"2023-01-09T04:16:50","guid":{"rendered":"https:\/\/investpenang.gov.my\/press-release-aem-opens-new-365000-square-foot-manufacturing-plant-in-penang\/"},"modified":"2025-11-28T13:50:01","modified_gmt":"2025-11-28T05:50:01","slug":"press-release-aem-opens-new-365000-square-foot-manufacturing-plant-in-penang","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/press-release-aem-opens-new-365000-square-foot-manufacturing-plant-in-penang\/","title":{"rendered":"[Press Release] AEM Opens New 365,000-Square-Foot Manufacturing Plant in Penang"},"content":{"rendered":"

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[Press Release] AEM Opens New 365,000-Square-Foot Manufacturing Plant in Penang<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text css=”” el_class=”white-text”]<\/p>\n

9 January 2023<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”30212″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]January 9, 2023 – <\/strong>AEM, a global leader in test innovation, celebrates the grand opening of its new manufacturing plant in Penang. The new plant comprises a 365,000-square-foot area for assembly, quality assurance (QA), a warehouse, an R&D lab, and more, to develop advanced testing and handling equipment.<\/p>\n

This expansion comes on the heels of AEM\u2019s highest recorded nine-month revenue level in history for 9M2022 at SGD$747 million. The new plant will also allow AEM to tap into the region\u2019s growth opportunities and talents and bring its operations closer to existing and new customers.<\/p>\n

The plant was officiated by the Chief Minister of Penang, Right Honorable Mr. Chow Kon Yeow, the Deputy CEO Investment Development of MIDA, Ms. Lim Bee Vian, AEM’s Chief Executive Officer (CEO), Chandran Nair, and AEM’s Non-Executive Chairman, Loke Wai San. Guests included Penang State Exco for Trade, Industry & Entrepreneur Development, Yang Berhormat Dato Haji Abdul Halim Bin Haji Hussain, the Special Investment Advisor to the Chief Minister of Penang, Dato\u2019 Seri Lee Kah Choon, the CEO of InvestPenang, Dato’ Loo Lee Lian, the Deputy High Commissioner to Malaysia, Mr. Shivakumar Nair, together with other dignitaries. This momentous ceremony also included an exclusive tour of the plant. Almost 400 employees of AEM joined the celebration with the company’s leadership team.<\/p>\n

\u201cAEM\u2019s new manufacturing plant in Penang lends credence to our conduciveness as a global semiconductor hub. With half a century of industrialization in its DNA, Penang has navigated numerous up and down cycles, and has emerged stronger from each. Experiencing an upward trend in its exports, Penang contributed an average 29 per cent of Malaysia\u2019s export, and 58 per cent of the nation\u2019s trade surplus over the past five years. In terms of investments, Penang is among the top contributors to the country, garnering RM9.2 billion in approved manufacturing investments from January to September 2022. Particularly, investments from machinery and equipment industry amounted to a total of RM7.3 billion from 2020 to September 2022, represented 57 per cent of the country\u2019s total,\u201d said Right Honorable Mr. Chow Kon Yeow, Chief Minister of Penang, while congratulating AEM for bringing the expansion plan to fruition.<\/p>\n

\u201cRiding on the prolific growth of advanced technologies, I am confident that Penang will be benefitting from the semiconductor industry\u2019s long-term outlook. The state, via InvestPenang, is looking forward to working with AEM in accelerating the region\u2019s vibrant electrical and electronics (E&E) ecosystem development, anchoring our status as the Silicon Valley of the East,\u201d added the Chief Minister.<\/p>\n

Ms. Lim Bee Vian, Deputy CEO, Investment Development of MIDA said, \u201cAEM’s footprint in Malaysia will be a strategic advantage to Malaysia\u2019s E&E industry, as the company can offer customized testing solutions for the electronics and semiconductor industries.\u201d<\/p>\n

\u201cI am certain that this project demonstrates not only AEM’s confidence in Malaysia’s long-term investment propositions but also the thriving state of the manufacturing industry and its ecosystem in Malaysia. The project is a parallel testament of the global investors’ confidence in Malaysia as the preferred investment destination and the local companies’ capability and readiness to support high-profile business ventures and activities,\u201d she added.<\/p>\n

Malaysia is an important market as it is strategically positioned in the heart of Southeast Asia. The E&E industry contributes significantly to Malaysia’s GDP growth, export earnings, investment and employment and plays a vital role in the country’s industrial development. From January to September 2022, Malaysia attracted a total of RM22.6 billion in approved investments for the E&E industry.<\/p>\n

As a hub in the semiconductor global supply chain, Penang accounts for 80 per cent of the nation\u2019s contribution to global backend semiconductor output, and over 5 per cent of the world\u2019s semiconductor sales over the last few years.<\/p>\n

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About MIDA<\/strong>
\nMIDA is the government\u2019s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my<\/a> and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.<\/p>\n

About AEM<\/strong>
\nAEM is a global leader in test innovation. We provide the most comprehensive semiconductor and electronics test solutions based on the best-in-class technologies, processes, and customer support. AEM has a global presence across Asia, Europe, and the United States. With manufacturing plants located in Singapore, Malaysia (Penang), Indonesia (Batam), Vietnam (Ho Chi Minh City), China (Suzhou), and Finland (Lieto), and a global network of engineering support, sales offices, associates, and distributors, we offer our customers a robust and resilient ecosystem of test innovation and support. AEM Holdings Ltd. is listed on the main board of the Singapore Exchange (Reuters: AEM. SI; Bloomberg: AEM: SP). AEM\u2019s head office is in Singapore.<\/p>\n

About InvestPenang<\/strong>
\nInvestPenang is the Penang State Government\u2019s principal agency for promotion of investment. Its objectives are to develop and sustain Penang\u2019s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https:\/\/investpenang.gov.my\/<\/a> and follow InvestPenang\u2019s social media channels: Facebook<\/a> ; LinkedIn<\/a>.<\/u><\/p>\n

For more information, please contact:
\nMIDA<\/strong>
\nMs. Zakiah Sajidan
\nDirector, Machinery and Metal Technology Division, MIDA
\nE: zakiah@mida.gov.my<\/a> I T: +603-2267 3628<\/p>\n

On behalf of AEM<\/strong>
\nMs. Deanna Nabilah
\nRICE Communications
\nE: aemholdings@ricecomms.com<\/a> I T: +65 8161 6864<\/p>\n

InvestPenang<\/strong>
\nMs. Yeoh Bit Kun
\nHead of Communication & Business Intelligence
\nE: bitkun@investpenang.gov.my<\/a> | T: +604 646 883[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”120px” el_class=”height-x120″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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