Comet to double production
capacity in Malaysia

"Further expansion of our presence in Asia is key for Comet, as several of our OEM customers have significant manufacturing operations in Asia," said Stephan Haferl, CEO of Comet Group. To meet increasing demand and capitalize on opportunities in this fast-growing region, Comet will rent additional 30,000 square feet at the current location in Penang to produce critical high frequency components. This decision was made because the long-term growth drivers for semiconductor and electronics demand are intact despite the current uncertainties in the world.

The expansion will function as a manufacturing and service center for high frequency components, a key product used to control plasma processes for microchip manufacturing.  "We are excited about the continued experience in Penang," said Chai Huat Yeoh, general manager of Comet Malaysia. "We expect to create another 200 jobs over the next 3 years.”

“I would like to express my special thanks for the support rendered by the Penang government, the Comet team at the Malaysian Investment Development Authority MIDA, Invest Penang and all our other local partners", Chai Huat Yeoh added.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of Malaysian Investment Development Authority (MIDA) applauded the company for the continuous confidence and support in establishing the manufacturing facility in Malaysia. “We are confident that Comet Technologies will benefit from Malaysia’s attractive industry ecosystem in semiconductor machinery and equipment. The Government of Malaysia through MIDA, is delighted to host the company and similar global companies and help them maximise new opportunities available across the diversified economy and supply chain” said Datuk Wira Arham.

When completed, Comet will have a total of 60’000 square feet available and employ about 500 people to meet the demand of the semiconductor equipment customers.