https://www.thevibes.com/articles/n...-billion-reinvestment-and-workforce-expansion
Tech giant’s long-standing presence aligns with Malaysia’s vision as a global semiconductor powerhouse under NIMP 2030 and NSS.
INTEL has reaffirmed its commitment to Malaysia with a reinvestment plan valued at nearly RM50 billion, bolstering its local workforce to more than 12,300 employees. The move underscores Malaysia’s growing stature as a global semiconductor hub.
In a recent high-level meeting, the technology giant discussed the expansion of its operations in the country, further strengthening its strategic investment base outside the United States.
Following the meeting, Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, in a Facebook post today, said: “Intel’s presence in Malaysia since 1972 mirrors the nation’s rise as a key player in the global semiconductor supply chain.”
The Malaysian government, through the Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA), has pledged full support for Intel’s continued growth.
“This meeting is a proof of Intel’s continued faith in Malaysia as a major investment hub outside the US,” he said.
The expansion aligns with national frameworks such as the National Investment Master Plan (NIMP 2030) and the National Semiconductor Strategy (NSS), which aim to enhance Malaysia’s industrial ecosystem in a sustainable and competitive manner.
“Thank you, Intel, for your continued trust. We are always here to ensure your success in Malaysia,” the government affirmed, Tengku Zafrul added.
Tech giant’s long-standing presence aligns with Malaysia’s vision as a global semiconductor powerhouse under NIMP 2030 and NSS.
INTEL has reaffirmed its commitment to Malaysia with a reinvestment plan valued at nearly RM50 billion, bolstering its local workforce to more than 12,300 employees. The move underscores Malaysia’s growing stature as a global semiconductor hub.
In a recent high-level meeting, the technology giant discussed the expansion of its operations in the country, further strengthening its strategic investment base outside the United States.
Following the meeting, Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, in a Facebook post today, said: “Intel’s presence in Malaysia since 1972 mirrors the nation’s rise as a key player in the global semiconductor supply chain.”
The Malaysian government, through the Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA), has pledged full support for Intel’s continued growth.
“This meeting is a proof of Intel’s continued faith in Malaysia as a major investment hub outside the US,” he said.
The expansion aligns with national frameworks such as the National Investment Master Plan (NIMP 2030) and the National Semiconductor Strategy (NSS), which aim to enhance Malaysia’s industrial ecosystem in a sustainable and competitive manner.
“Thank you, Intel, for your continued trust. We are always here to ensure your success in Malaysia,” the government affirmed, Tengku Zafrul added.
