Intel to invest $7 billion in new plant in Malaysia, creating 9,000 jobs

KUALA LUMPUR (Reuters) -Intel Corp will invest more than $7 billion to build a new chip-packaging and testing factory in Malaysia, Chief Executive Pat Gelsinger said on Thursday, expanding production in the country following a global shortage of semiconductors. The new advanced packaging facility in Malaysia is expected to begin production in 2024, he said. The 30 billion ringgit ($7.10 billion) investment is expected to create over 4,000 Intel jobs and more than 5,000 construction jobs in the country, the Malaysian government said.

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