Advanced Energy Industries, Inc. announced that it held a formal groundbreaking ceremony for a new factory near Bangkok, Thailand. The new facility marks the next phase of Advanced Energy?s global capacity expansion, as it executes its strategy to support future revenue growth. The flagship 500,000 sq ft facility, at full production levels, is expected to employ roughly 2,500 engineers, technicians and operators and be capable of delivering up to $1 billion in annual revenue.

The primary focus of the facility will be on products for the semiconductor market. Over time, products for industrial and medical applications are also planned to be produced at the facility. The groundbreaking was attended by members of Advanced Energy?s senior management and representatives from multiple AE customers, key suppliers, and local partners including from the Laem Chabang industrial estate where the factory is being built.