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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit to trade in narrow range against US dollar in holiday-shortened week ahead
Navigating Sarawak’s condominium market
Policies head in right direction
China underground: Affordable and sustainable homes
Trump travel ban adds to Caribbean woes
Asia rides the dollar dip
Bull charges cautiously
Beauty lovers turn to TikTok and Amazon
EM optimism after stellar year
Philippine stocks set for recovery

Others Also Read