Chief minister Chow Kon Yeow said the plant, located at the Penang Science Park, is expected to create 500 job opportunities in manufacturing, particularly in advanced current sensors and semiconductor current sensors, known as integrated current sensors.

“LEM’s new facility marks another stride forward in its growth trajectory and represents a substantial investment in the region.

“This greenfield project is dedicated to manufacturing and testing current sensors, as well as addressing global markets such as the automotive, renewable energy, robotics, industrial, and instrumentation sectors,” he said when opening the plant.

Chow said that since its establishment in 1972 in Geneva, Switzerland, LEM has earned a reputation as a global leader in providing innovative solutions for measuring electrical parameters.

He said the state government is anticipating the knowledge exchange and skills development in advanced current sensing technologies that LEM will bring to Penang’s workforce.

Chow expressed optimism that LEM would reap significant benefits from its operations in Penang, which is known for its well-developed industrial ecosystem and is often referred to as the Silicon Valley of the East.

“Looking ahead, I am confident that LEM’s presence in Penang will not only contribute significantly to our economy but also stimulate innovation, promote knowledge transfer, and elevate the skills of our workforce.

“The partnership between LEM and the Penang government exemplifies our shared commitment to sustainable development, technological advancement, and economic resilience,” he said.