Posted on 12/08/2005 5:22:07 PM PST by nickcarraway
HASBROUCK HEIGHTS, N.J. — Intel Corp. plans to spend $230 million to expand its test and assembly facility in Kulim, Malaysia, according to a Thursday (Dec. 8) Associated Press report.
According to the report, Intel Chairman Craig Barrett said the additional investment will create up to 3,000 jobs in the region.
Intel has invested more than $4.2 billion since opening its first Malaysian facility in Penang in 1971, according to the company's Web site. Intel Malaysia is the company's most complex offshore site, according to the company.
Barrett has been on a barnstorming tour of Intel facilities in Asia this week. On Monday, he announced that the No. 1 semiconductor supplier plans to spend more than $1 billion over the next five years to expand its operations in India and invest in Indian technology companies.
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