Foresight Technologies grows Asia-Pacific presence
Foresight Technologies has announced the expansion of its Penang, Malaysia manufacturing campus. The new 80,000-square-foot facility supplements the company’s current 110,000-square-foot facility, increasing Foresight’s Malaysia manufacturing campus by over 70%.
The demand for Foresight’s services is growing faster than the semiconductor industry's overall growth, which is expected to reach $465 billion globally by 2032. The Penang site will enable Foresight to meet its customers ' rising expectations throughout this market boom without experiencing delays due to facility or staffing constraints.
“Most of our customers expect to grow by 30% or more within the next year,” said Jeff Hull, CEO of Foresight. “In fact, demand for precision, high-purity products in the Asia-Pacific market is already surpassing regional supply chain capacity. We are expanding our facilities so that we can continue providing our customers with these critical systems at the higher volumes they require."
The larger location allows significant operational growth for several of Foresight’s core capabilities, including:
Precision plastic machining, plastic welding, and high-purity piping systems
Small module and critical assembly
High-purity piping and cleanroom assembly operations
The facility will add 150 staff members to Foresight Asia Pacific’s existing 380-person workforce, with hiring across all levels, including senior management, key production roles, and other vital positions. The company plans to foster its existing partnerships with local trade schools and internship programs to reach this goal.
“In the past two years, our US and Asia-Pacific manufacturing footprint has increased to over 350,000 square feet, doubling our overall capacity,” continued Hull. “With this commitment to growth, we’re demonstrating that we are focused on continuing to be strategic, long-term, and proactive partners for our customers.”
