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PI has set up a production support and research and development center in Malaysia with a view to expanding its business scope in Asia
Balu Balakrishnan, president and chief executive officer of Power Integrations, delivered a speech at the opening ceremony and explained why the company decided to set up a new stronghold in Penang: Although we are a Silicon Valley company, but we are getting closer to Asia in terms of corporate culture and business focus. This reflects the fact that Asian customers account for a very large proportion of our global sales, and our supply chain, including OEM, assembly and testing, is mainly completed in Asia. Penang has a large number of engineering and technical personnel and a superior business environment, which is especially suitable for technology companies such as Power Integrations to develop here. Asia set up, not'Oriental Silicon Valley'None.
Penang branch covers an area of 12,000 square feet and can currently accommodate 24 Power Integrations employees. The company expects the number of employees to more than double in the next ten years. In order to cultivate talents and speed up innovation, the company plans to provide comprehensive practical training for employees and provide internship programs through local universities. In addition, it will also study together with engineering science and technology (CREST) To establish cooperation, CREST is a cooperative organization set up by Malaysia's industry, academic and government departments, aiming to build a strong advanced research and engineering ecosystem for Malaysia.