Intel to Invest $7 Billion in New Chip-Packaging Factory in Malaysia.
Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California
Intel first opened a production facility in Malaysia in Penang in 1972. .
Intel will invest more than $7 billion (roughly Rs. 53,380 crore) to build a new chip-packaging and testing factory in Malaysia, Chief Executive Pat Gelsinger said on 16 Dec, expanding production in the country following a global shortage of semiconductors. .
The MYR 30 billion (roughly Rs. 54,140 crore) investment is expected to create over 4,000 Intel jobs and more than 5,000 construction jobs in the country, the Malaysian government said. .
“Overall the semiconductor industry this year will grow more than it has in the last two to three decades. But still, the gaps are large ... and I predict that the limitations of the shortages will persist into 2023," Intel's Gelsinger said . ”