STATS ChipPAC, which provides IC assembly and test services to semiconductor companies and electronics OEMs, has unveiled plans to consolidate manufacturing at its production units in Kuala Lumpur and Qingpu, Shanghai into one plant.

The Malaysia unit will be closed by the end of 2014, following the transfer of manufacturing into the Shanghai facility in China, STATS ChipPAC indicated.

"The announced plan will consolidate our manufacturing footprint into larger scale plants and achieve a more competitive cost structure over the longer term," noted STATS ChipPAC president and CEO Tan Lay Koon in a statement.

STATS ChipPAC also disclosed that the closing of its Malaysia plant will affect approximately 1,100 employees, which present about 11% of the company's total global workforce.

By: DocMemory
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