Intel Corporation, US based chip maker is expanding its footprint in Malaysia with an investment of more than RM30 billion for its facilities located in Kulim and Penang. This latest investment will underscore the long-term strategic association of a 50-year heritage of manufacturing excellence with the country.
The expansion of its assembly test manufacturing, while also building out die prep capability with the addition of advanced packaging capabilities to the operation in Malaysia is aimed to generate a high-tech ecosystem in the region. An MoU was also signed between Intel and MIDA to cultivate a thriving tech talent ecosystem and prepare Malaysia’s workforce for the digital and AI world.
This major investment, through their subsidiary, Intel Electronics (Malaysia) Sdn. Bhd supports the National Investment Aspirations, which looks to ensure Malaysia stays at the forefront as a global hub for quality investments while creating high-value jobs. This latest investment bolsters the role of the nation as a prominent site in Intel’s global manufacturing network which is expected to help create over 4,000 jobs as well as over 5,000 construction jobs for locals.
Under the Twelfth Malaysia Plan, the Electrical and Electronics (E&E) industry has been identified as among the high-impact industries that are key to realign 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 2021, the E&E sector recorded RM47.1 billion in approved investments, a significant surge from RM5.0 billion 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.
