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MQ Technology to expand semiconductor operations in Malaysia

admin2022-08-3011

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KUALA LUMPUR: MQ Technology Bhd (MQTech) is poised to expand its semiconductor operations in Malaysia with an additional investment from Taiwan Superconductor International Semiconductor Technology Co Ltd (TSIST) of up to 30 per cent equity interest in the company.

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In a statement, MQTech managing director Tong Sian Shyen said the commitment and support of fresh capital plus semiconductor technology transfer from the Taiwanese semiconductor player would accelerate MQTech's growth.

TSIST, a company focusing on research and development of materials for high-tech industries, has proposed to expand MQTech in three phases for up to seven years, with the labour requirement increasing gradually to over 500 workers. - Bernama


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