Texas Instruments, the US-based company that designs and manufactures semiconductors and various integrated circuits, has announced it will build two manufacturing plants in Malaysia.

The first of the investments will see $21bn (RM9.6bn) spent to build an assembly and test plant on 9.3 hectares of cleanroom space in Kuala Lumpur, the Malaysian capital. The company will create 1,300 new jobs through this investment.

The second investment will see the company spend $1.1bn to build a new factory on 3.7 hectares of cleanroom space in Malacca, a city located around 100km south of Kuala Lumpur. The company says this project will create 500 new jobs by 2025.

The company intends to manufacture at least 90% of its products internally by the end of 2030. The construction of the Malacca plant is expected to start later in 2023, with production beginning as early as 2025.

Texas Instruments was founded in Dallas in 1930, and is currently divided into four divisions: analogue products, embedded processors, digital light processing and educational technology. It employs around 33,000 people worldwide and has operations in a number of Asian countries, including Taiwan, Japan and China.

Malaysia has enjoyed an impressive 2023 so far when it comes to foreign direct investment, announcing projects from the likes of Rapid Manufacturing and Vantage Data Centers.