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PETALING JAYA: The Prime Minister’s Office (PMO) confirmed today that Western Digital has decided to invest an additional 2.3 billion ringgit to develop the company’s facilities and production capacity in Malaysia.
The PMO said the investment was agreed upon during a meeting between Prime Minister Muhyiddin Yassin and Western Digital Malaysia Operations Group Chairman Syed Hussian Aljunid today.
According to a PMO statement, the new investment will be used to expand facilities and capacity at Western Digital’s plants in Penang and Sarawak, and the storage equipment manufacturer has now invested nearly RM18 billion in the country.
He said that Western Digital’s additional investment “demonstrates the government’s ability to manage the economy and investor confidence towards the country’s stewardship and stability when the world is still facing the Covid-19 pandemic.”
The statement added: “The Western Digital Group’s commitment reflects the high confidence foreign investors have in the government to continue expanding their investments and operations in Malaysia.”
The PMO said Muhyiddin welcomed companies to invest in high-impact and technology-based industries in the country, adding that the Ministry of Industry and International Trade, the Malaysian Investment Development Authority and other related agencies they were always committed to attracting investment.
Western Digital’s Malaysian exports totaled RM18 billion in 2019.
