Intel to invest additional $208 million in Malaysia, PM says
Malaysian Prime Minister Anwar Ibrahim said U.S. chipmaker Intel has announced an additional investment of 860 million ringgit ($208 million) in the country for assembly and testing operations.
KUALA LUMPUR, Dec 2 (Reuters) - Malaysian Prime Minister Anwar Ibrahim said U.S. chipmaker Intel has announced an additional investment of 860 million ringgit ($208 million) in the country for assembly and testing operations.
Anwar said in a social media post on Monday that the announcement followed a meeting between himself and Intel CEO Lip-Bu Tan.
In 2021, Intel had announced it would build a $7 billion advanced chip packaging plant in Malaysia.
($1 = 4.1300 ringgit)
(Reporting by Danial Azhar; Editing by John Mair)
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