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Philips boosts investment in plant

Philips Semiconductor plans to spend $200 million (760 million Malaysian ringgits) over the next four years to boost product capacity and improve technology at its semiconductor plant in Seremban, Malaysia, according to a report from Malaysian news agency Bernama. Ruud Jonam, Philips' top executive in Malaysia, said the semiconductor manufacturer had already invested $173 million in the plant, which produces transistors and diodes for cell phones and handheld computers. The plant is currently operating at slightly below the 70 percent capacity level, Jonam told the news agency, and had $100 million in sales last year. CNET Singapore staff reported from Singapore.

Philips Semiconductor plans to spend $200 million (760 million Malaysian ringgits) over the next four years to boost product capacity and improve technology at its semiconductor plant in Seremban, Malaysia, according to a report from Malaysian news agency Bernama.

Ruud Jonam, Philips' top executive in Malaysia, said the semiconductor manufacturer had already invested $173 million in the plant, which produces transistors and diodes for cell phones and handheld computers. The plant is currently operating at slightly below the 70 percent capacity level, Jonam told the news agency, and had $100 million in sales last year.

CNET Singapore staff reported from Singapore.