Intel plans to invest $9.7 billion in a manufacturing facility in Malaysia

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According to a press invitation issued on Monday, Intel Corp would spend RM30 billion (S$9.7 billion) in Penang, Malaysia, to increase its production capabilities in sophisticated semiconductor packaging technologies. On Wednesday, the chipmaker will conduct a news conference at the Kuala Lumpur International Airport to discuss the investment. Intel CEO Patrick Paul Gelsinger will be in attendance as Malaysian Trade Minister Azmin Ali and Malaysian Investment Development Authority CEO Arham Abdul Rahman.
According to the invitation, sophisticated packaging capabilities to Intel’s operations in Malaysia would boost its supporting activities and global service center. Due to the investment, Malaysia will be an important center for manufacturing and shared services.

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