Intel Corp. Plans $7.12 Billion Expansion in Malaysia
13 Dezember 2021 - 12:28PM
Dow Jones News
By Clarence Leong
Chip maker Intel Corp. plans to invest 30 billion ringgit ($7.12
billion) to expand its production capacity in Malaysia, according
to the country's authorities.
The move will boost the company's advanced semiconductor
packaging capabilities, while affirming its commitment to Malaysia,
the Malaysian Investment Development Authority said Monday in a
media invitation.
A press conference about the investment will be held Wednesday
that will include Intel CEO Patrick Gelsinger, it said.
The Wall Street Journal reported in August that according to
people familiar with the matter, Intel had pitched factory projects
in various Asian countries, including Malaysia.
Write to Clarence Leong at clarence.leong@wsj.com
(END) Dow Jones Newswires
December 13, 2021 06:13 ET (11:13 GMT)
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