Intel pumps in extra RM860mil to expand Malaysian operations
Intel Corporation has announced an additional RM860 million investment to make Malaysia a hub for its assembly and testing operations, Prime Minister Anwar Ibrahim said.
In a social media posting after he received a courtesy call from Intel CEO Tan Lip-Bu today, Anwar said the move reflects confidence in Malaysia’s long-term planning, including the New industrial Master Plan 2030.
“Intel also expressed its appreciation for the continued support of the Malaysian government, particularly for the development of the Advanced Packaging Plant in Penang, which involves a capital expenditure of RM12 billion and is now 99% complete,” he said.
Anwar also said he welcomed Intel’s collaboration with educational and training institutions through elective courses and research and development projects, which have received RM2.8 million in funding commitments over two years.
“All…
