GEORGE TOWN, Nov 21 — National Instruments (NI) announced a US$40 million (RM170 million) expansion of its facility in Penang today. NI chief executive officer Alex Davern said this would include a second building next to its existing plant. “The new expansion will open up 250 new positions,”...
National Instruments in RM170m expansion of Penang ops Thursday, 21 Nov 2019 12:26 PM MYT BY OPALYN MOK Penang Chief Minister Chow Kon Yeow and National Instruments president and COO Eric Starkloff viewing a montage during the official site opening of the company’s new expanded unit in Batu Maung November 21, 2019. — Picture by Sayuti Zainudin GEORGE TOWN, Nov 21 — National Instruments announced a US$40 million expansion of its facility in Penang today.
“The construction will complete within a year and we expect it to be in operations by 2022,” he said during a press conference. The new facility will cover 160,000 sq ft on six acres of land. “Altogether, we have 23 acres of land and currently, our production is at 60 per cent capacity in our existing facility,” he said. He said the new facility will increase the company’s revenue through 5G technology and industry 4.0 products.
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