Intel to invest RM30bil over 10 years in its Bayan Lepas FIZ facility

KUALA LUMPUR: Malaysia's electrical and electronics (E&E) sector received a huge boost as Intel Corporation confirmed that it will be plowing RM30bil (USD$7bil) over the next 10 years to upgrade its facility in Penang's Bayan Lepas Free Industrial Zone (FIZ) as well as Kulim, Kedah.

In a joint press conference on Thursday morning with International Trade and Industries Minister Datuk Seri Azmin Ali, Intel Corp CEO Patrick Gelsinger said his company will expand its manufacturing capabilities in advanced semiconductor packaging technology at the Bayan Lepas FIZ.