Intel (Nasdaq:INTC) plans to invest $7.10 billion in Malaysia. Reuters reports, citing Malaysian authorities, that the U.S chip giant plans to build a new state-of-the-art facility in the country. INTC shares fell 1.17% to close at $50 on December 13. Intel is a U.S. company that designs, manufactures, and sells microprocessors, chipsets, flash memory, and other products for computer storage networks and other functions. Intel Malaysia Investment The Malaysian Investment Development Authority has announced that the chip giant settled on the country to bolster its manufacturing capabilities. Consequently, Intel plans to build a state-of-the-art facility in the Northern state of Penang. The facility will handle Intel’s advanced semiconductor packaging technologies.
https://www.tipranks.com/news/intel-plans-7-1b-investment-in-malaysia-report?utm_source=advfn.com&utm_medium=referral