Intel’s new plant on partial pause

A source told StarBiz that Intel is rethinking its new investments not just in Malaysia, but also other parts of the world. — Reuters

PETALING JAYA: Chip giant Intel Corp is said to have partially paused its new chip-packaging and testing project in Penang, which is a part of the US$7bil investment announced three years ago.

The move was made amid cash flow issues that led Intel to suspend dividend payments and initiate job cuts across its operations globally.