Malaysia says U.S. chipmaker Intel to invest $7 billion in new facility

KUALA LUMPUR – American chip manufacturer Intel Corporation will invest 30 billion ringgit ($7.10 billion) in a new, state-of-the-art facility, Malaysian authorities said on Monday.

The Malaysian Investment Development Authority, in a media invitation, said Intel Corporation had chosen Malaysia to expand manufacturing capabilities for its advanced semiconductor packaging technologies in the northern state of Penang.

($1 = 4.2270 ringgit)

(Reporting by Liz Lee; Editing by Martin Petty)