Semiconductor partners from TSMC are ready to work with AHB
Kuala Lumpur, 18th February 2022: Recently, AHB plans to venture in high tech industry such as the manufacturing of semiconductor and autonomous self-driven vehicle.
In the past weeks, AHB has been inviting many giant semiconductor companies, developers of autonomous self-driven vehicle and their respective partners from Taiwan to set up their overseas plant in Malaysia.
Currently, the big boys in the semiconductor business in Taiwan are Taiwan Semiconductor Manufacturing Company Limited (“TSMC”), United Microelectronics Corporation (“UMC”) and Foxconn Technology Group (“Foxconn”).
According to a source close to the deal, AHB has successfully held a landmark meeting with partners from TSMC today. Those partners are ready to work with AHB to set up a high tech semiconductor plant in Malaysia. They are going to be flying into Malaysia and confirm their commitment via a formal agreement within a week or two.
TSMC is a Taiwanese multinational semiconductor contract manufacturing and design company. It is the world’s most valuable semiconductor company, the world’s largest dedicated independent (pure-play) semiconductor foundry, and one of Taiwan’s largest companies, with its headquarters and main operations located in the Hsinchu Science Park in Hsinchu.
This collaboration would bring great financial benefits to AHB in this high tech industry. The current trade war between People Republic of China and United States of America has caused the industry to be highly regulated and sensitive, making it the industry barrier to entry to be much higher and at the same time more profitable.
This private sector effort is in line with Malaysia government effort to bring in Foreign Direct Investment (“FDI”) and provide job opportunities in our country as well as increase our country’s export numbers.
In the next meeting, AHB would be discussing on investment amount, capital structure and profit sharing ratio with their overseas partners from TSMC, before formalising their expectations.
Backgound of AHB
AHB Holdings Berhad is a listed Malaysia-based investment holding company. The Company is engaged in trading of office interior products, office furniture and specialized computer finance.
AHB has operations in South-Eastern Asia, the Middle East, South-Central Asia, Europe and America.