Intel’s RM30 bil investment in Malaysia to create 9,000 jobs
Over 4,000 Intel jobs and 5,000 construction jobs for Malaysians
Intel Corporation announced its investment of more than RM30 billion for its Malaysia facility which is expected to create 9,000 jobs.
The additional investment will help expand Intel Malaysia’s operations across Penang and Kulim, said the world’s largest chip manufacturers in a statement today.
This new investment is expected to create over 4,000 Intel jobs and 5,000 construction jobs for Malaysians, the company added.
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This major investment, through their subsidiary, Intel Electronics (Malaysia) Sdn. Bhd., augurs well with Malaysia’s National Investment Aspirations (NIA), which looks to ensure Malaysia stays at the forefront as a global hub for quality investments.
This latest investment bolsters Malaysia’s role as a prominent site in Intel’s global manufacturing network.
“The expansion of Intel’s assembly test manufacturing, while also building out die prep capability with the addition of advanced packaging capabilities to Intel’s operation in Malaysia will help ignite growth of the high-tech ecosystem in the region” said Intel.
Intel and Malaysia Investment Development Authority (MIDA) will facilitate the cultivation of a thriving tech talent ecosystem and prepare Malaysia’s workforce for an increasingly digital and AI world.
In the 12thMalaysia Plan (12MP), the Electrical and Electronics (E&E) industry has been identified as among the high impact industries that are key to realign Malaysia’s growth in a sustainable trajectory while strengthening the nation’s position in the global supply chain.
The government aims for the E&E industry to move up the value chain through stronger adoption of advanced technologies which fits well into global Intel’s overall growth strategy.
In the first half of 2021, the E&E sector recorded RM47.1 bil in approved investments, a significant surge from RM5.0 bil from the corresponding period in 2020.
Foreign investments led the approved investments in the industry, making up nearly 98 per cent or RM46.0 billion.
These approved projects are anticipated to generate over 9,700 new employments, including skilled positions for engineers, specialised quality controllers and highly skilled technicians.