Overview
- Prime Minister Anwar Ibrahim said the new funding was confirmed after his meeting with Intel CEO Lip-Bu Tan.
- The investment is reported as roughly $208 million using an exchange rate of $1 to 4.1300 ringgit cited by outlets.
- The update reinforces Malaysia’s role in downstream chip manufacturing focused on assembly, testing and advanced packaging.
- Coverage attributes the announcement to the prime minister’s social media post, with no operational timeline or job figures provided.
- DigiTimes reported Intel’s Penang advanced packaging facility is 99% complete with a total investment of about 12 billion ringgit.