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Malaysia says US chipmaker Intel to invest US$7 billion in new facility

Malaysia says US chipmaker Intel to invest US$7 billion in new facility

FILE PHOTO: The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, US, Nov 24, 2021. (Reuters/Andrew Kelly)

KUALA LUMPUR : American chip manufacturer Intel Corporation will invest RM30 billion (US$7.1 billion) in a new, state-of-the-art facility, Malaysian authorities said on Monday (Dec 13).

The Malaysian Investment Development Authority, in a media invitation, said Intel Corporation had chosen Malaysia to expand manufacturing capabilities for its advanced semiconductor packaging technologies in the northern state of Penang.

Source: Reuters/lk

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