Intel to invest $7 bln in Malaysia to build new plant

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: Created: 16 December 2021; Hits: 2208

KUALA LUMPUR, Dec 16 (Reuters) - Intel Corp (INTC.O) will invest 30 billion ringgit ($7.10 billion) in Malaysia over a decade to build new assembly and testing facilities, Chief Executive Pat Gelsinger said on Thursday.

The new advanced packaging facility in Malaysia is expected to begin production in 2024, he said.