Ferrotec Holdings Corporation plans to build second plant in Malaysia

Ferrotec Holdings Corporation announced that it will build a second plant in its Malaysian manufacturing subsidiary Ferrotec Manufacturing Malaysia Sdn. Bhd. (FTMM) with a total investment of US$226.4 million. This decision is based on the forecast of continued growth in demand for semiconductors, especially in the fields of high-performance logic chips, DRAM, high-bandwidth memory (HBM) and advanced packaging.