Business

Intel will invest US$7 billion to build a chip factory in Malaysia to create 9,000 jobs

-Intel INTC.O CEO Pat Gelsinger said on Thursday that the company will invest more than US$7 billion to build a new chip packaging and testing plant in Malaysia to expand semiconductor production in the country .

He said that the newly-built advanced packaging plant in Malaysia is expected to start production in 2024.

The Malaysian government stated that the 30 billion ringgit (7.1 billion US dollars) investment is expected to create more than 4,000 Intel jobs and more than 5,000 construction jobs in the country.

“In view of the global demand growth driven by the shortage of chips and the potential challenges brought by the global recovery from the epidemic, this project is indeed timely,” Malaysian Minister of International Trade and Industry Mohamed Azmin Ali said in a statement.

William Douglas has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years. After many years in the market, he dedicated all his time to write articles highlighting different financial problems and world news. He also cover news from all over the world.

Recent Posts

HP releases Z24m monitor that replicates Apple’s Center Stage lens tracking

HP's upcoming 23.8-inch Z24m monitor for creative professionals features a webcam that tracks the user's…

5 days ago

Andy Warhol’s “Monroe” wins for a record high of 25.3 billion yen

The portrait of Marilyn Monroe, produced by US pop artist Andy Warhol in 1964, is…

5 days ago

China Telecom announces officially Maimang 11 to be released on May 10, equipped with a 6000mAh capacity battery

China Telecom officially announced that Maimang's new product launch conference will be held at 19:08…

2 weeks ago

Google is raising pay to overhaul its employee vetting system, documents show

Google is overhauling its performance review process, implementing changes that will lead to pay increases,…

2 weeks ago

Top natural vitamin supplements recommended for men in their daily life

Vitamins are an essential macronutrient that has an immensely vital role to play in our…

4 weeks ago

Tencent Holdings to block access to unauthorized overseas games

Chinese game giant Tencent Holdings announced late on the 13th that it will suspend services…

1 month ago

This website uses cookies.