Western Digital Investing RM2.3b in Malaysia

western digital malaysia investment

The prolific hard drive manufacturer Western Digital has pledged RM 2.3b ($555 million) for Malaysia. This brings the total investment by the group in the country close to RM18 billion. The announcement was made by the Malaysian Prime Minister’s Office (PMO) that the company will invest in the country to increase its capacity significantly and upgrade its facilities in the country.

The development is a significant one as it will benefit Malaysia’s economy and create over 2,000 jobs. The investment was agreed upon during a meeting between Minister Tan Sri Muhyiddin Yassin and Western Digital group chairman Datuk Dr. Syed Hussian Aljunid. Western Digital had exported a total of RM18 billion worth of products in 2019.

The PMO also stated that the companies' interest reflects the government’s capability in managing the investor’s confidence even during the current pandemic crisis. “The government, through the Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA) and other related agencies continue to be committed in attracting investment and convincing investors to invest or make additional investment in Malaysia,” the PMO said. The PM welcomed any new investment from companies in the country.