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“This investment is expected to create more than 4,000 jobs at Intel and also over 5,000 jobs in the construction sector,” said international trade and industry minister Tengku Zafrul Aziz.
“I welcome the commitment by Intel and such cooperation will be continued with other companies in an effort to increase investments in Malaysia,” he said after a meeting with Intel chief global operation officer Kevyan Esfarjani in Davos, Switzerland.
Intel is the world’s largest semiconductor producer and was among the pioneers in the electrical and electronics (E&E) industry in Malaysia, which began operations in 1972 in Penang.
In 2021, Intel Corp announced the investment to build a new chip-packaging and testing factory in Malaysia, which is expected to begin production in 2024.
Tengku Zafrul also had a meeting with P&G president for Asia Pacific, Middle East and Africa Suranjan Magesvaran.
“P&G is also making a commitment to invest more in Malaysia. We also discussed opportunities in Malaysia,” he added.
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