Intel Corporation, one of the world’s largest chip makers, will invest more than RM30 billion over the next 10 years to expand its operations in Penang and Kulim, Kedah.
Its chief executive officer Patrick Gelsinger said, as reported by CNBC, that the additional investment in the country also involved the expansion of existing manufacturing assembly testing facilities as well as developing die prep procedures or pre-assembly processes with the addition of more advanced packaging capabilities.
The company also planned to have new facilities in the country to enable it to increase production volumes as well as enhance its position in the technology transfer and capacity building value chain. He elaborated,
“Construction for new expansions in Kulim and Penang has already begun. The new facility that supports advanced packaging technology is expected to record production in 2024.”
Gelsinger also said Intel is committed to continuing to invest and innovate in the country with the new investment expected to create more than 4,000 new Intel jobs as well as more than 5,000 construction jobs for locals. He clarified that Intel is here in Malaysia to create an ecosystem community and partnership with start-ups to develop the technological capabilities of the Malaysian market as a whole.
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