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View Full Version : Seagate to invest US$200 million in Penang over 5 years



sirgalahad2010
07-12-2006, 06:18 PM
A Bernama report said that Seagate has committed to invest over US$200 million over the next 5 years in its Penang operations, especially in manufacturing and R&D.

Seagate CEO William Watkins said that Seagate's Penang setup will be a major growth and key technology centre for Seagate, with the focus being on R&D.

And in commenting on the robbery at the Batu Maung cargo complex in Penang where RM47 million worth of computer chips was stolen on Nov 20, the Seagate CEO had this to say:

"We have full confidence in the Malaysian government. It happens everywhere around the world...it's not a big deal."

If the Seagate CEO was accurately quoted, then it is a welcome and realistic assessment from a hard-headed American businessman. Maybe it takes an Ang Moh businessman to deliver a message that is the opposite of the doom and gloom painted by certain parties and groups in Msia, especially over the hysteria that prevailed after robbery at the Batu Maung cargo complex.

kpc
07-12-2006, 06:19 PM
Looks like Rafidah is doing a good job with Seagate....

isarahim
07-12-2006, 09:56 PM
In the paper I read he said that Malaysia is 'one of the options we're evaluating'.

bslee
07-12-2006, 10:07 PM
Hard drives are second only to CPU chips on the robber's menu.

Sentinel
08-12-2006, 04:06 AM
Looks like Rafidah is doing a good job with Seagate....

Seagate has been around since the early 1980s and if anything, it is because Koh Tsu Koon has been taking care of these MNCs at Bayan Lepas, lets give credit where credit is due.

The fat lady is still too busy pulling jackpot machines at Lake Club lah.... :D

sirgalahad2010
08-12-2006, 08:46 AM
In the paper I read he said that Malaysia is 'one of the options we're evaluating'.

Dunno. The report was pretty specific, to the extent of quoting the Seagate CEO on the robbery at the Batu Maung cargo complex.

I guess we've got to wait and see if Seagate issues a statement to clarify what was said in the report.

Wrt to Kak Rafidah, I think she is being pushed to deliver the goods, especially with the downturn in FDI. But in a way, her hands are tied because of the "recalcitrants" in her own party....... :(

As for her supposedly patronising the jackpot machines at the Lake Club, good for her. No false hypocrisy about gambling. And I admire her good taste in Chinese cuisine - she's a regular, I understand, at the Chinese restaurant in the Mandarin Oriental KL. :D

isarahim
08-12-2006, 10:50 AM
Yeah Sir, I saw it too later....confirmed now. And the matsalleh was 'honoured' by a datoship....haha....he obviously didn't know how the meaning of this title has changed.....

denver
08-12-2006, 11:23 AM
A Bernama report said that Seagate has committed to invest over US$200 million over the next 5 years in its Penang operations, especially in manufacturing and R&D.

Seagate CEO William Watkins said that Seagate's Penang setup will be a major growth and key technology centre for Seagate, with the focus being on R&D.

And in commenting on the robbery at the Batu Maung cargo complex in Penang where RM47 million worth of computer chips was stolen on Nov 20, the Seagate CEO had this to say:

"We have full confidence in the Malaysian government. It happens everywhere around the world...it's not a big deal."

If the Seagate CEO was accurately quoted, then it is a welcome and realistic assessment from a hard-headed American businessman. Maybe it takes an Ang Moh businessman to deliver a message that is the opposite of the doom and gloom painted by certain parties and groups in Msia, especially over the hysteria that prevailed after robbery at the Batu Maung cargo complex.

Isn't it ironic? The CEO of a global multi-national is not too concerned about the recent theft of chips, citing other places are also the same, and that this is a world issue, not a Malaysia issue. Yet some people here thinks that because of the theft, Malaysia is sinking la, everything is going down la, bolehland la. Things like this happened, lesson learned, and they have taken steps to improve security, so ok la. What more do you expect from them?

And Seagate seems to have high confidence in Malaysia, they are investing RM1 billion in Johor (http://biz.thestar.com.my/news/story.asp?file=/2006/12/8/business/16260282&sec=business), on top of the USD200 million (RM700+ million) in Penang (http://biz.thestar.com.my/news/story.asp?file=/2006/12/7/business/16245642&sec=business). The one is Penang will focus on R&D, which is great because we are steadily moving up the value chain from manufacturing based to knowledge-based research and design. So Malaysia must be doing something right. Nowadays the competition for FDI is very fierce, not just from India and China, but also from eastern Suropean countries. Much props have to be given to Rafidah (yes, her) and more so to Koh Tsu Koon who handles and manages these MNCs on daily basis. He even give his handphone number to all CEO and Chairman of MNCs in Penang and he is quite hands-on in resolving any issues these MNCs have.


In the paper I read he said that Malaysia is 'one of the options we're evaluating'.

I don't know which paper your referring to, but according to the Star, it is already confirmed. This from the mouth of Seagate CEO himself.

Rocky19
08-12-2006, 11:41 AM
Seagate is going ahead with investment in Penang and johor which is great news. Over the years Seagate has moved out of Malaysia and invested heavily in Thailand and China. They have now decided that there are some issues that they face in China and Thailand which is not in their favour thus they have returned to Penang.Malaysia does have some advantages and bear in mind they also get lots of incentives which is what they like when they return to Malaysia. The reinvestment in penang is great news for Penang and the HDD industry in Malaysia as well as the support industry. The Johor plan will most likely result in them shutting down the Ireland plant. As for R&D, most of it is in USA and Singapore. Unlikely they will move it to Penang as that is not how they have been operating.

Blue Jasmine
08-12-2006, 12:24 PM
Seagate has been around since the early 1980s and if anything, it is because Koh Tsu Koon has been taking care of these MNCs at Bayan Lepas, lets give credit where credit is due.

The fat lady is still too busy pulling jackpot machines at Lake Club lah.... :D


She is so fake...i wonder why no one 'belasah' her back. Like even when she obviously wrong she still say she 's da best. Yucks...So fake!!! Doenst she knows that everyone knows she is putting a show???

kfboy
08-12-2006, 12:51 PM
Where are they going to build this? I thought the new registration says all lands are reserved for agriculture? :p

sirgalahad2010
08-12-2006, 03:05 PM
Seagate is going ahead with investment in Penang and johor which is great news. Over the years Seagate has moved out of Malaysia and invested heavily in Thailand and China. They have now decided that there are some issues that they face in China and Thailand which is not in their favour thus they have returned to Penang.Malaysia does have some advantages and bear in mind they also get lots of incentives which is what they like when they return to Malaysia. The reinvestment in penang is great news for Penang and the HDD industry in Malaysia as well as the support industry. The Johor plan will most likely result in them shutting down the Ireland plant. As for R&D, most of it is in USA and Singapore. Unlikely they will move it to Penang as that is not how they have been operating.

Well, the remarks made by the Seagate CEO, as reported by Bernama, did mention that a substantial amount of R&D would be carried out in Penang as part of the new investment.

I guess we will just have to wait and see, won't we?

As far as incentives are concerned, the Spore govt also throws a lot of them around in a bid to attract FDI in key areas - hightech manufacturing, biotech, pharmaceuticals and MICE - to mention a few areas.

sirgalahad2010
08-12-2006, 06:30 PM
Just saw an AP news report that Satyam Computer Services (India's 4th-largest software company) is planning to set up a global software development centre in Msia, it's first such facility outside India.

If true, that would be an interesting development.

Rocky19
08-12-2006, 07:25 PM
Well, the remarks made by the Seagate CEO, as reported by Bernama, did mention that a substantial amount of R&D would be carried out in Penang as part of the new investment.

I guess we will just have to wait and see, won't we?

As far as incentives are concerned, the Spore govt also throws a lot of them around in a bid to attract FDI in key areas - hightech manufacturing, biotech, pharmaceuticals and MICE - to mention a few areas.
FYI I do know what is going on in Seagate penang thus my statement as far R&D is concerned. Have been dealing with them since 1995. Yes you can wait, please do.

as for incentives, yes Spore does give lots of incentive but nothing much they can do about their labour cost etc. What Seagate really got, we will not know in terms of allowance etc.Anyway plants are not in Spore so it doesn't matter now, right?Spore would have loved to have the substrate plant that I can tell you.But that is what I say. BTW Seagate likes to spread out plants in various countries unlike the past.

Cao..signing off.

sirgalahad2010
09-12-2006, 04:26 PM
Yeah Sir, I saw it too later....confirmed now. And the matsalleh was 'honoured' by a datoship....haha....he obviously didn't know how the meaning of this title has changed.....

Yup, and the same Matsalleh was just honoured as a "Distinguished Friend of Singapore"! ;)

But, seriously, Seagate doesn't put all its eggs in 1 basket, be it Spore, Msia, Vietnam or wherever.

chin_wan
09-12-2006, 07:29 PM
Makes me proud of my hometown... ;)