Kon Yeow: InvestPenang engaging Intel on expansion plans amid reports of project freeze on island

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Kon Yeow: InvestPenang engaging Intel on expansion plans amid reports of project freeze on island
IntelIntel Expansion PlansIntel Project Freeze
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GEORGE TOWN, Sept 7 — The Penang government’s investment arm, InvestPenang, is in communication with Intel regarding its Penang expansion plans, said Penang chief minister Chow...

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He said they are still looking into the situation and any changes to the chipmakers’ expansion plans will be announced by the company itself. The expansion plan in Penang is part of the multinational company’s US$7 billion investment into Malaysia that was first announced back in 2021. The company reportedly said that “Malaysia will remain an important market as we build on our long and proud history here.”

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Intel Intel Expansion Plans Intel Project Freeze Chow Kon Yeow

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