TTM Technologies, Inc. (TTM) has officially opened its first manufacturing plant in Penang, Malaysia. Accordingly, the company invested US$200 million (approximately RM958 million) in the said facility.

Built on 27 acres in Penang Science Park, TTM’s state-of-the-art facility has highly innovative and automated PCB manufacturing capabilities. This project is the result of the close collaboration between TTM and its customers. Specifically, to address the increasing demand for geographical manufacturing diversity and PCB supply chain resilience.

Myriad of Benefits

The plant can support mass production requirements in various commercial end markets. Among them are networking, data center computing, medical, industrial, and instrumentation.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang expressed elation over TTM’s move to establish its first large-scale plant in Southeast Asia.  Moreover, it also signifies the confidence foreign investors have placed in Penang.

Often lauded for its well-developed industrial ecosystem, Penang has the capacities and capabilities to support the needs of industrial players. Particularly, when it comes to next-generation technologies and growth strategies.

In addition, Yeow said, “I am optimistic that TTM will reap a myriad of benefits from its operation in Penang, the Silicon Valley of the East.”

An official opening ceremony marked the inauguration of TTM’s Penang plant. YAB Tuan Chow Kon Yeow, Chief Minister of Penang; Pn. Najihah Abas, Executive Director, Investment Promotion of Malaysian Investment Development Authority (“MIDA”); and YBhg. Dato’ Loo Lee Lian, Chief Executive Officer, InvestPenang are among the attendees. Moreover, Mr. Thomas Edman, President, and Chief Executive Officer, TTM Technologies, Inc.; Mr. Philip Titterton, Executive Vice President and Chief Operating Officer, TTM Technologies, Inc.; other senior government officials; and TTM’s senior management also graced the event.

Critical Player in Global Supply Chain

The establishment of TTM’s Penang plant will facilitate the creation of approximately 1,000 employment opportunities across various categories by 2025. Furthermore, the expansion will generate substantial opportunities for TTM’s local suppliers and will help cultivate skills of local talent in PCB technology solutions.

TTM anticipates that the new plant will generate full run rate revenue of about US$180 million (approximately RM855 million) by 2025. Furthermore, the plant will support a Phase 2 expansion that could result in a 25 percent increase.

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer, MIDA, said, “It brings me great pleasure to underscore the significant benefits TTM Technologies’ investment brings to Malaysia’s electrical and electronics (“E&E”) industry. Especially, within the semiconductor sector. With TTM’s expertise in high-tech solutions and advanced printed circuit boards, Malaysia is now a critical player in the global semiconductor supply chain.”

The inauguration of TTM’s cutting-edge facility in Penang strengthens the growth and resilience of Malaysia’s E&E industry. Furthermore, it elevates the company’s capabilities in the next generation of PCB manufacturing.

This development aligns seamlessly with the strategic objectives outlined in the New Industrial Master Plan (“NIMP”) 2030, focusing on bolstering the semiconductor ecosystem.

On the other hand, the new facility will reduce its carbon footprint by 60 percent compared to traditional PCB plant. Thus, meeting the company’s rigorous environmental operational standards.

30 April 2024