Intel to set aside USD 7 billion for a chip-packaging plant in Malaysia
Category: #headlines  | By Mateen Dalal  | Date: 2021-12-17 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

Intel to set aside USD 7 billion for a chip-packaging plant in Malaysia
  • The investment plan is likely to produce around 9,000 jobs in the country.
  • Intel intends to expand its production capacity amidst the worldwide shortage of semiconductors.

Intel Corporation is reportedly planning to invest over UDS 7 billion to develop a new chip-packaging as well as a testing factory in Malaysia. The American tech giant intends to expand its production capacity in the country amidst the global semiconductor shortage crisis.

Confirming the news, Intel CEO Pat Gelsinger added that the new packaging facility is likely to begin production in the year 2024.

The development comes after the United States and Malaysia revealed plans of teaming up to improve security, transparency, and resilience in the manufacturing, supply chain, and semiconductor sector from 2022.

For the record, a worldwide shortage of semiconductor chips stemmed from the pandemic-fueled demand for consumer electronics, has caused most automakers and electronics majors to cut production and deliveries.

Even the chip assembly industry in Malaysia, which is worth approximately USD 20 billion, has issued several warnings that the chip crisis could last for at least two more years.

It is also worth mentioning Intel had opened its first production facility overseas at a 5-acre site in Penang back in 1972. It employed over 1,000 people by 1975, then becoming a crucial part of the American tech giant’s manufacturing chain.

According to the Malaysian government, the USD 7.10 billion investment is expected to produce around 4,000 Intel jobs as well as 5,000 construction jobs in Malaysia. Intel’s investment is quite opportune considering the mounting demand and shortage of semiconductors, further aiding in avoiding potential challenges during the post-pandemic recovery.

However, experts believe that automakers such as General Motors and Volkswagen are likely to face a semiconductor shortage beyond next year, which could result in the development of vehicles that require fewer high-tech components.

Source Credits –

https://www.moneycontrol.com/news/world/intel-to-invest-7-billion-in-new-plant-in-malaysia-creating-9000-jobs-7830331.html

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

Microsoft investigates Teams and Outlook outage that left users disrupted

Microsoft investigates Teams and Outlook outage that left users disrupted

By Mateen Dalal

Microsoft, the U.S.-based technology frontrunner, reportedly investigating an outage that prevented thousands of customers from accessing services like Teams and Outlook. Apparently, the tech giant did not disclose the number of users that were im...

UK: Budget & basic items’ cost in supermarkets soar 20.3% in December

UK: Budget & basic items’ cost in supermarkets soar 20.3% in December

By Mateen Dalal

Britishers who rely on the budget-friendly aisles of supermarkets reportedly saw the biggest increases in food prices in the months leading up to Christmas, significantly outpacing those for luxury as well as premium brands, as per a survey. Accor...

Sun Cable shuts as $21B solar project to power S’pore hangs in balance

Sun Cable shuts as $21B solar project to power S’pore hangs in balance

By Mateen Dalal

Sun Cable, the Singapore-based solar energy company, has reportedly entered voluntary administration, despite the financial support it received from billionaire investors. The company was supposed to be working on a A$30 billion (US$21 billion) solar...