Intel CEO’s Meeting with Penang Chief Minister
Source: InvestPenang
Intel’s presence in Penang for over 50 years has played a pivotal role in transforming Malaysia into one of the world’s most competitive semiconductor hubs. The Chief Minister expressed his appreciation to Intel for its long-standing commitment, which has driven growth in Malaysia and Penang, nurtured a strong talent base, developed a resilient supply chain, and established a globally recognized back-end engineering ecosystem.
During the meeting, InvestPenang presented several potential areas of strategic collaboration and sought Intel’s continued leadership and support to strengthen Penang’s position as the state transition into critical areas of advanced packaging and next generation technologies. Intel fully supports the state’s vision and has been championing the National Semiconductor Strategy (NSS) as a catalyst to position Malaysia at the forefront of Advanced Packaging and IC Design. This alignment of Malaysia’s national policy with Intel’s roadmap reinforces shared commitment to developing talent, driving R&D innovation, and strengthening supply chain resilience.
Intel expressed their appreciation to the Chief Minister for the unwavering support of the Penang state government and the relevant agencies. Their investment in the Advanced Packaging Plant in Penang has achieved a capital expenditure of RM12 billion in infrastructure and is now 99% complete.
Present in the meeting were the Right Honourable Mr Chow Kon Yeow, the Chief Minister of Penang; Dato’ Loo Lee Lian, CEO of InvestPenang; Mr Tan Lip-Bu, CEO of Intel Corporation; Ms AK Chong, VP, Foundry Manufacturing and Supply Chain, and Managing Director, Intel Malaysia; Mr Suresh Kumar Dass, VP, Design Engineering and GM, Malaysia Design Centre; along with InvestPenang and Intel officers.
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About InvestPenang
InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), Global Business Services (GBS) Focus Group (promoting and developing digital economy) and Penang Silicon Design @5km+ (establishing a unique and interconnected ecosystem for IC design and technology enterprises). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn ; WhatsApp Channel and TikTok .
For media enquiries, please contact:
InvestPenang
Elaine Cheah
elaine@investpenang.gov.my
T: +604-646 8833
