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

Jasa Kita acquires 55% stake in SPPH�
PetGas to pre-pay up to RM706mil in jetty usage charges at Pengerang LNG terminal
Colform awards 4 contracts worth RM1.33mil
Hextar Global acquires three fertiliser companies for RM120mil
Ringgit climbs to strongest level against US dollar since early March 2021
Solarvest acquires ACE-Market listed SDCG for RM42mil
CBH Engineering wins data centre job worth RM130mil
JPG consolidates JPG Greenergy Ventures, strengthens renewable energy strategy
Kimlun bags three construction jobs totalling RM618mil
PMCK records RM5.83mil 2Q profit, declares 0.12 sen dividend

Others Also Read