Global semiconductor company Infineon Technologies (Infineon) is expanding its Kulim facility. This expansion is beyond the original investment announced in February 2022. The company will build the world’s largest 200-millimeter silicon carbide (SiC) power fabrication plant. The investment will be up to five billion euros over the next five years.
Infineon expects this investment to lead to significant growth. The annual SiC revenue potential could reach seven billion euros by the end of the decade. Infineon plans to convert 200-millimeter SiC in Villach and Kulim. The company aims to support a SiC market share target of 30% by decade’s end.
Jochen Hanebeck, CEO of Infineon, expressed enthusiasm. He pointed to the accelerating growth in the SiC market. The expansion in Kulim will solidify Infineon’s leadership in various industries. These include automotive, solar, energy storage, and EV charging. The company aims to leverage its cutting-edge SiC technology and unrivaled application understanding.
Malaysian PM Anwar Ibrahim praised Infineon’s commitment. He emphasized Malaysia’s efforts to decarbonize its economy. The country aims to achieve net zero by 2050. PM Anwar stressed Malaysia’s appeal as a destination for innovative and sustainable technologies. Infineon’s green vision fits well with Malaysia’s growth agenda. This agenda focuses on inclusivity, sustainability, knowledge transfer, and socio-economic well-being.
The Minister of Investment, Trade, and Industry (MITI), Zafrul Aziz, also spoke. He marked Infineon’s expansion as a milestone for Malaysia. It advances manufacturing capabilities, creates high-skilled jobs, and positions Malaysia at the forefront of green technologies. These are vital for Malaysia’s sustainable development goals.
Zafrul Aziz also recognized the global impact. The SiC Power Fab will enhance Malaysia’s role in the world’s semiconductor ecosystem. It specifically aids the sustainable technology supply chain. He welcomed Infineon’s alignment with Malaysia’s climate change efforts.
Infineon is not alone in its Malaysian venture. Other major companies like Tesla and Amazon Web Services are establishing a presence. Tesla officially entered the Malaysian market last month. This followed the Ministry of Trade and Industry’s approval to import battery electric vehicles.
Infineon’s investment signifies a critical step in Malaysia’s technological advancement and sustainability initiatives. It aligns with the nation’s economic growth strategy. The commitment from a global leader like Infineon further strengthens Malaysia’s position in the global green technology arena.
This news is based on information provided by Marketing Interactive.