$SGX-AWX - US chipmaker Intel to invest US$7 billion or RM30bil in new facility in Malaysia according to MIDA

The Malaysian Investment Development Authority, in a media invitation, said Intel Corporation had chosen Malaysia to expand manufacturing capabilities for its advanced semiconductor packaging technologies in the northern state of Penang.

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This news is huge for alot of tech manufacturing players / sector in Malaysia. Who are the beneficiary? I reckon there will be aplenty but we know that AEM (SGX) supplies solutions to Intel, which includes Test Handlers, Wafer Handling Systems, Laser Marking, Laser Deflashing, Vision Inspection and Unique Handling Systems.

In plain summary, AEM manufactures test handlers (and other things) for Intel's High Density Modular Test machines. And they have done so for years and developing (and delivering) new modules currently.

Exciting times ahead!

cc: @wsoh @ValinV @zhengyou0705 @mengteck @Jinnsern