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2 clusters · 2 sources · 14 days · First seen · Last updated

Intuitive Surgical manufacturing expansion in Malaysia

Overview

Intuitive Surgical Inc. has announced plans to invest more than RM2 billion over the next five years to establish its first manufacturing facility in Malaysia and Southeast Asia. The 316,000-square-foot site, located at Bandar Cassia Technology Park in Penang, is scheduled to begin operations in 2028.

The facility will produce electromechanical devices and surgical instruments for the company’s da Vinci surgical system. This expansion is intended to strengthen the company’s global manufacturing network and serve the growing Asia-Pacific market. The project is expected to create approximately 1,200 highly skilled jobs by 2032.

Following the announcement, the company signed a lease agreement with the Penang Development Corporation. The expansion follows a period of strong financial performance for the medical robotics firm, which reported second-quarter 2026 revenue of $2.89 billion and a 71 percent year-over-year increase in free cash flow during the first half of 2026.

Entities

Bandar Cassia Technology Park · Nasdaq · Penang · Penang Development Corporation · Intuitive Surgical Inc

Timeline

  1. 18 days ago

    [BUSINESS] 2 sources
    Intuitive Surgical expands manufacturing with new Malaysia facility

    Intuitive Surgical is expanding its manufacturing footprint with a new facility in Penang, Malaysia, set to produce da Vinci surgical components starting in 2028.

  2. about 1 month ago

    [BUSINESS] 2 sources
    Intuitive Surgical to invest RM2b in Penang manufacturing facility

    Intuitive Surgical will invest over RM2 billion to build a manufacturing facility in Penang, Malaysia, creating 1,200 jobs by 2032 to support its da Vinci surgical system.

Sources

ad-hoc-news.de · it-boltwise.de