What is Intel's latest investment in Malaysia?

Intel has committed an additional 860 million ringgit ($208 million) to grow its assembly and testing operations in Malaysia.

Why is Intel increasing its investment in Malaysia?

The investment aims to strengthen Intel's global chip strategy, enhance its supply chain, and regain manufacturing edge.

Where in Malaysia is Intel expanding its operations?

The expansion is primarily focused on Intel's assembly and testing facilities, with a significant advanced packaging plant in Penang.

Home / Business and Economy / Intel Invests $208M More in Malaysia

Intel Invests $208M More in Malaysia

2 Dec

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Summary

Intel committed an additional $208 million to Malaysian operations.
The investment targets assembly and testing facilities in Penang.
This move strengthens Intel's global chip strategy and supply chain.

Intel is reinforcing its commitment to Malaysia with a new investment of 860 million ringgit, approximately $208 million, dedicated to expanding its assembly and testing operations. This substantial pledge highlights the nation's crucial role in Intel's long-term global chip strategy.

The tech giant's confidence in Malaysia is further evidenced by the near-completion of a 12 billion ringgit advanced packaging plant in Penang. This latest financial commitment builds upon a previous $7 billion investment made in 2021 to bolster Intel's footprint in the region.

This strategic move by Intel aims to strengthen its manufacturing capabilities and secure a more resilient supply chain amidst a global rush for dependable production partners. The expansion signals continued progress in Intel's turnaround plans, with its shares showing a positive market response.