GEORGE TOWN: United States (US) chip-maker Intel is continuing with its Penang expansion plans, which suggests that retrenchment is not on the table a...
: United States chip-maker Intel is continuing with its Penang expansion plans, which suggests that retrenchment is not on the table as part of its cost-cutting efforts as reported, said Chief Minister Chow Kon Yeow.
Earlier this month, the foreign media reported that chipmaker Intel had announced plans to slash more than 15 per cent of its workforce under a restructuring plan. On his recent official US visit, Chow said Penang has received affirmation from existing investors that they have plans to continue expanding their operations.
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