LTX-Credence’s RM71m investment in Asia Design Centre to generate economic value, jobs

: The opening of Penang’s Asia Design Centre is a significant step forward for Malaysia’s tech ecosystem to develop next-generation precision digital instruments, leveraging custom integrated circuit designs.

“The investment is a testament to LTX-Credence’s commitment to Malaysia’s growth. This is projected to generate an impressive RM1.6 billion in indirect economic value over the next five years, significantly boosting the local economy,” Gobind said at Asia Design Centre’s inauguration today. He said the Asia Design Centre’s recruitment drive will attract up to 60 skilled research engineers, paving the way for a rise in highly trained workforce. The investment also aligns with Prime Minister Datuk Seri Anwar Ibrahim’s vision to upscale Malaysia’a semiconductor industry.

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