Intel Pledges $208 Million Malaysia Chip Investment, Anwar Says

Intel Corp. will invest an additional 860 million ringgit ($208 million) to make Malaysia its assembly and testing operations center, according to Prime Minister Anwar Ibrahim , giving a boost to the Southeast Asian nation’s critical role in the global semiconductor supply chain.
The US chipmaker made the pledge during a meeting between Anwar and Intel CEO Lip-Bu Tan on Monday, the prime minister wrote in a Facebook post. Intel made the decision due to its confidence in Malaysia’s long-term planning, he added.