Seagate to splash MILLIONS on LAND, FACTORIES
Flash? Never heard of it, mate, this is all Malaysia
Malaysian sources are reporting that Seagate will spend $327m to expand its operations in Penang, where it has a factory making disk drive read/write heads.
The Malaysian Digest says Seagate will spend the money over five years.
The company's plan reportely entails buying some 40 acres of land at the Batu Kawan Industrial Park, with an option to buy 30 more acres.
Seagate also has an IT Shared Resource Centre in Penang.
SanDisk is involved with a flash memory manufacturing plant in Penang and HP is expected to have a new site there too, according to local reports.
It seems Penang is turning into a Malaysian high-tech hub. ®