By Digital News Asia April 21, 2024Penang’s expertise in semiconductors a big pull for LEM’s supply chain
While the investment amount is small when measured against many multinational investments into the silicon state, it is the latest example of the long tail of the state's globally recognised semiconductor expertise and experience. “The talent and experience available here in Penang will be of significant benefit to LEM, particularly in the domain of semiconductors.
The project was announced in 2020, with the first electric current sensor products already rolling off the production line in Q1 of 2024, providing a further revenue boost to the company which recorded Q3 2023/24 sales of US$348.8 million . With a current headcount of 70 staff, Rehfeld expects this to rise to 200 people by March 2025 and hit around 500 with an already planned expansion to its current 12,000 sqm site located at Penang Science Park North.