Intel to invest $7 bln in new plant in Malaysia, creating 9,000 jobs
The Hindu
Malaysia's chip assembly industry, accounting for more than a tenth of a global trade worth over $20 billion, has warned that shortages will last at least two years.
Intel Corp will invest more than $7 billion to build a new chip-packaging and testing factory in Malaysia, Chief Executive Pat Gelsinger said on Thursday, expanding production in the country following a global shortage of semiconductors.
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The new advanced packaging facility in Malaysia is expected to begin production in 2024, he said.
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