Intel spends $7 billion on Malaysian chip packaging plant

Stefan Mileschin · 15th December 2021, 07:45

To deal with chip shortage

Intel is spending $7 billion to build a new chip packaging facility in Malaysia, a major Asian investment intended to address endemic global semiconductor shortages at a time Washington is advocating domestic production.

The US chipmaker intends to invest 30 billion ringgit on shoring up its advanced chip packaging capabilities in the island state of Penang, Malaysia's main investment promotion agency said in a press invitation.

It will elaborate on its plans for the Asian country during a press briefing Wednesday in conjunction with Trade Minister Azmin Ali and Malaysian Investment Development Authority Chief Executive Officer Arham Abdul Rahman, according to the invite.

The event coincides with Secretary of State Antony Blinken's first visit to Southeast Asia. CEO Pat Gelsinger took the helm of the largest American chipmaker in February with a mandate to take back leadership of the industry from Asian giants such as TSMC.

Investors want Gelsinger to staunch market share losses and customer defections stemming in part from stumbles in upgrading technology due to following what investors and suits wanted.

https://fudzilla.com/news/pc-hardwar...ackaging-plant

15th December 2021, 07:45	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Intel spends $7 billion on Malaysian chip packaging plant To deal with chip shortage Intel is spending $7 billion to build a new chip packaging facility in Malaysia, a major Asian investment intended to address endemic global semiconductor shortages at a time Washington is advocating domestic production. The US chipmaker intends to invest 30 billion ringgit on shoring up its advanced chip packaging capabilities in the island state of Penang, Malaysia's main investment promotion agency said in a press invitation. It will elaborate on its plans for the Asian country during a press briefing Wednesday in conjunction with Trade Minister Azmin Ali and Malaysian Investment Development Authority Chief Executive Officer Arham Abdul Rahman, according to the invite. The event coincides with Secretary of State Antony Blinken's first visit to Southeast Asia. CEO Pat Gelsinger took the helm of the largest American chipmaker in February with a mandate to take back leadership of the industry from Asian giants such as TSMC. Investors want Gelsinger to staunch market share losses and customer defections stemming in part from stumbles in upgrading technology due to following what investors and suits wanted. https://fudzilla.com/news/pc-hardwar...ackaging-plant

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Mercedes-Benz spends $1 billion to make EVs at Alabama plant	Stefan Mileschin	WebNews	0	23rd September 2017 21:33
UK spends $2 billion for cyber security	Stefan Mileschin	WebNews	0	3rd November 2016 12:54
Samsung spends $9.2 billion to increase fab capacity	Stefan Mileschin	WebNews	0	23rd April 2015 14:28
Intel gets go-ahead for $4 billion chip plant in Ireland	Stefan Mileschin	WebNews	0	25th January 2013 07:46
Apple spends more on chip design	Stefan Mileschin	WebNews	0	11th October 2011 07:49
Abu Dhabi spends $7 billion on chip plant	jmke	WebNews	0	17th September 2010 12:18
Inside Intel's Fab - Video introduces chip production plant	jmke	WebNews	0	25th February 2009 19:01
Intel Opening New Chip Plant in Arizona	jmke	WebNews	2	25th October 2007 18:38
Intel spends $9 billion on 45 nanometre fabs	Sidney	WebNews	2	1st October 2006 20:23
Intel to build $605m chip plant in Vietnam	jmke	WebNews	0	5th January 2006 17:35