Thursday, March 8, 2007
Qimonda AG plans to build a new backend production line in Malaysia. In addition, the company will expand its test and packaging facilities in Suzhou, China. For both projects, the company estimates investments of €400 million ($528 million).
The construction activities in Johor, Malaysia are scheduled to launch by mid-2007; production ramp-up is expected for 2008, the company said. With the move, the company plans to optimize its supply chain. The facility will produce memory modules for PCs, servers and laptops, a Qimonda spokesperson explained. Over the next five years, the company will invest €150 million in that facility, creating about 3.000 jobs.
"The new backend production line will be a key element in optimizing our value chain", explained Qimonda CEO Kin Wah Loh. "Located in close proximity to our new global logistics center in Singapore, it will help us to cut delivery times."
In addition, the company plans to invest €250 million in its test and packaging activities in China. By erecting a second building in its Suzhou site, Qimonda expects its capacities to double.
By: DocMemory
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