Malaysia says U.S. chipmaker Intel to invest $7 billion in new facility By Reuters
© Reuters. FILE PHOTO: The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly
KUALA LUMPUR (Reuters) - American chip manufacturer Intel Corporation (NASDAQ:INTC) will invest 30 billion ringgit ($7.10 billion) in a new, state-of-the-art facility, Malaysian authorities said on Monday.
The Malaysian Investment Development Authority, in a media invitation, said Intel Corporation had chosen Malaysia to expand manufacturing capabilities for its advanced semiconductor packaging technologies in the northern state of Penang.
($1 = 4.2270 ringgit)
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