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US chipmaker Intel will inject an additional $208 million into its Malaysian operations, Prime Minister Anwar Ibrahim announced, strengthening the country’s position in the global semiconductor supply chain.
Malaysia ranks as the world’s sixth-largest microchip exporter and holds 13 per cent of the global market for chip packaging, assembly, and testing.
Anwar, in a Facebook post on Monday, said the investment reflects Intel’s confidence in Malaysia’s long-term plans.
He noted that he had met Intel CEO Lip-Bu Tan earlier that day.
“Intel announced an additional investment worth 860 million ringgit to establish Malaysia as its assembly and testing centre,” he stated.
In 2021, Intel committed $7 billion to construct an advanced chip packaging plant in Penang, Malaysia’s northern electronics hub.
The Prime Minister said the factory is now “99 per cent complete” and that Intel has appreciated the Malaysian government’s support.
The United States is Malaysia’s third-largest market for semiconductor exports.
Last year, Malaysia shipped 120 billion ringgit ($28 billion) of electrical and electronic products to the US, about half of which were chip-related, according to the trade minister.
