Intel Corporation, one of the world’s largest chip makers, will invest more than RM30 billion over the next 10 years to expand its operations in Penang and Kulim, Kedah. The company also planned to have new facilities in the country to enable it to increase production volumes as well as enhance its position in the technology transfer and capacity building value chain.
AT&S’ new campus in Kulim Hi-Tech Park, Kedah, to produce high-end PCBs and IC substrates involves a proposed total investment of RM8.5 billion and will create 5,000 high-tech and high impact jobs. The construction of the facility is scheduled to begin in the second half of 2021 with commercial operations targeted to come on stream in 2024.
Sime Darby and Porsche rolled out the first locally assembled Cayenne for the domestic market. The premiere took place at the inaugural launch of the first assembly facility for Porsche vehicles outside of Europe at Sime Darby’s motor vehicle production and assembly facility in Kulim, Kedah.
Glove maker Hartalega Holdings Bhd aims to bring its production to 143 billion pieces of gloves annually once its new manufacturing facilities are fully operational in 20 year’s time. Hartalega has set its sights on Kedah to build 16 new manufacturing facilities over the next two decades, with an investment of RM7bil, and once completed, it is expected to contribute more than 5% of the state’s gross domestic product.