NXP invests in Thailand
Dutch chip manufacturer NXP is to invest around US$300 million into a production base for IC packaging in Thailand.
NXP plans to invest around US$300 million in production expansion, reports the Bangkok Post. After feeling the slump in demand, NXP starts investing and recruiting in Thailand again - as orders have picked up.
"We are investing in Thailand for two things, the first is production expansion by adding new equipment. At the same time, NXP is relocating high-tech activities from Europe and some products from the Philippines to Thailand," Theo Halders, vice-president and general manager of NXP Semiconductors and managing director of its Thai unit told the newspaper.
NXP currently operates 6 facilties in Europe, the Philippines, Hong Kong, China and Thailand, but announced a major overhaul at the end of 2008. The company has already closed down its US wafer facility and a European facility is to follow soon.
"We are investing in Thailand for two things, the first is production expansion by adding new equipment. At the same time, NXP is relocating high-tech activities from Europe and some products from the Philippines to Thailand," Theo Halders, vice-president and general manager of NXP Semiconductors and managing director of its Thai unit told the newspaper.
NXP currently operates 6 facilties in Europe, the Philippines, Hong Kong, China and Thailand, but announced a major overhaul at the end of 2008. The company has already closed down its US wafer facility and a European facility is to follow soon.
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