AT&S, an Austrian tech firm, has shifted its production focus to Malaysia amid rising tensions between the US and China and the impact of the COVID-19 pandemic. It has opened a new plant in Kulim, Malaysia, to produce critical substrates for AI systems and electronics, marking its first facility in Southeast Asia. This 1.7 billion euro investment aims to bolster capacity and create jobs, while implementing the China Plus One strategy to reduce reliance on Chinese manufacturing.
The decision to establish a production facility in Malaysia reflects AT&S's strategic pivot towards diversifying supply chains amid ongoing geopolitical tensions and supply chain vulnerabilities.
With a 1.7 billion euro investment, AT&S's Kulim facility aims to meet the growing demands of AI technology while creating 6,000 jobs in Malaysia.
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