KUALA LUMPUR: Malaysia's stable economic policies and political environment were key factors in Infineon Technologies AG's decision to invest an additional RM30.1 billion, according to Prime Minister Datuk Seri Anwar Ibrahim.

"Infineon's decision to invest certainly took into account the stable political situation and clear economic policies," Anwar told the reporters during the launching ceremony of the guidelines on the management and governance of federal statutory bodies here today.

He added that the energy transition, digitalisation, and the New Industrial Master Plan 2030 (NIMP 2030) also played significant roles in the company's choice.

Yesterday, Europe's leading chipmaker Infineon announced that it has kicked off production at its largest-ever power chip plant in Malaysia and will invest an additional RM30.1 billion (€5 billion) for Phase 2 of the plant.

This was on top of the original €2 billion for Phase 1 on the plant in Kulim, Kedah as Infineon builds the world's largest 200-millimetre (mm) silicon carbide (SiC) power fabrication plant.Both Phase 1 and Phase 2 will generate 900 and 600 high value jobs in Malaysia respectively.

In total, 4,000 jobs will be created.

https://www.nst.com.my/business/economy/2024/08/1089073/pm-stable-economic-policies-political-environment-won-over-infineon