Construction of Intel's new chip plant in Penang slows down

Intel is said to have slowed down construction of its new chip-packaging and testing project in Penang. Unconfirmed reports stated that the US chip giant plans to cut its workforce by 15 per cent.
The move may affect some 2,000 employees in the Malaysian state. CNA's Melissa Goh reports from Penang, where Intel has been operating for over five decades.

[bombkuan]

CNA really concern about Malaysia companies rather than Singapore one. Not even report Singapore's Shopee and Lazada layoff events. Dont so obvious in sabotaging, everyone know growth of Malaysia have negative impact to Singapore.

[Ryuken]

Intel as the whole company is slowing down

[JojoJoget]

Fyi Penang already has several fabs, this is an Intel problem

[WahPiang]

CNA like to dig into other country’s problems but conveniently ignore local issues.

[nagakk]

No money No work.
contractor better standby....

[Ken-og]

Come on CNA, it's delayed because of Intel's own problems. But since they have built up about 80% already, they project will go on for sure.

[kjmok]

Intel was due to get grant money from the US government under the Chips Act but no grant funds disbursement yet, not a single dollar. All these while Intel is already struggling with cash.

[maxp]

Anwar's courting of BRICS has any impact or not ?

[Milky-Space]

Singapore government extremely happy for others failure

[kitlee]

Intel project normally takes longer to construct due to lot red tape ie safety, commercial issue and design change etc.

[rujhannalsor]

As usual, this is the happiest news for SG media

[ivorystud]

What's the purpose of this news CNA? Got no news worthy to cover?

[frimadonaginting]

the whole 1.34mins was based on "unconfirm report" from "unknown sources" 🤣gud job on the reporting

[tuapuikia]

Thank you for the transparent news. We need to know what is happening around us. I heard that Malaysia made a U-turn regarding internet censorship. Oh dear...

[Peter-uhoo]

I think this news have some strategies at play in business politics.

[khaidirabdulmajid]

CNA lets talk about Sing for a change. What about the continuing industrial output contraction in Sing?

[calvinang]

Intel has also just paused building its 30 billion euro manufacturing plant in Germany despite receiving a subsidy of 9.9 billion euro from the German gov. Intel stocks are also at an all-time low, suggesting it has cash flow issues.

[detox]

The kind of news CNA loves to report. Any unfortunate event in Malaysia. Typical Singaporean mentality.

[pgee]

Not new as they're cutting down at the US too...

[theinazmie]

Result of the US export policy and competitiveness of Intel chips....