American chip manufacturer Intel will invest 30 billion ringgit ($7.10 billion) in a new facility in Malaysia, Reuters reported.
The Malaysian Investment Development Authority, in a media invitation, said Intel had chosen Malaysia to expand manufacturing capabilities for its advanced semiconductor packaging technologies in the northern state of Penang.
Intel Chief Executive Officer Pat Gelsinger earlier said that the company aims to build more chip plants from the money it raises next year when it sells a stake in its Mobileye self-driving-vehicle components unit in a planned initial public offering.
Intel has said it plans to build two chip plants in Arizona, and add other plants in the United States and Europe at sites that have not been announced.