SAN FRANCISCO: US chip titan Intel said on March 23 it will invest US$20bil (RM82.66bil) in building two new plants in Arizona as part of a plan to ramp up production in the United States and Europe.
The move comes as a global chip shortage has countries and companies in those regions looking to reduce reliance on plants in Asia for semiconductors, which are used in a growing array of products such as cars.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!