“This investment is expected to create about 4,000 jobs at Intel and about 5,000 jobs in the construction sector,” said International Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. — Reuters
DAVOS: Intel Corp, the US-based chipmaker, has reiterated its commitment with investment of about RM30bil to expand its operations in Penang and Kulim, Kedah.
“This investment is expected to create about 4,000 jobs at Intel and about 5,000 jobs in the construction sector,” said International Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
“I welcome the commitment by Intel and such cooperation will be continued with other companies in an effort to increase investments in Malaysia,” he said after a meeting with Intel chief global operation officer Kevyan Esfarjani here, as reported by Bernama.
Intel is the world’s largest semiconductor producer and was among the pioneers in the electrical and electronics industry in Malaysia, which began operations in 1972.
In 2021, the company announced its investment to build a new chip-packaging and testing factory in Malaysia that is expected to begin production in 2024.
The minister also had a meeting with P&G president for Asia-Pacific, the Middle East and Africa, Suranjan Magesvaran, and P&G Asia-Pacific, Middle East and Africa vice-president, global government relations and public policy, Cecilia Tan.
“P&G is making a commitment to invest more in Malaysia. We also discussed opportunities in the country,” he said.
Tengku Zafrul said there is another big investor coming to Malaysia’s logistics sector.
“I will be meeting them. So, it has been a productive day,” he said, adding that he would be meeting a number of his counterparts from the region.
Tengku Zafrul also has bilateral meetings with New Zealand’s Trade and Export Growth Minister Damien O’Connor and Port of Antwerp-Bruges chief executive officer Jacques Vandermeiren.
Earlier in the day, he attended a closed door session on “Global Trade: Navigating the Post Pandemic Supply Chain Challenge.”
