Photo source: Bloomberg

Penang received an early reason for Christmas cheer following reports that pioneer investor Intel Corporation Limited is set to invest up to RM30 billion to upgrade its chip manufacturing facility at the Bayan Lepas Free Industrial Zone here.

Intel had set up its first production facility outside the United States on the island in 1972, becoming a major employer with 1,000 jobs created within the first five years.

The latest pledge by the electronics giant comes at a time when chip manufacturers are struggling to meet global demand due to disruptions to the worldwide supply chain caused by Covid-19 and the world’s rapid migration towards digitalisation.

“We are delighted that Intel Corp has decided to invest US$7 billion (RM30 billion) to expand its manufacturing capabilities in advanced semiconductor packaging technology in Penang,” Chief Minister Chow Kon Yeow tweeted today.

Intel chief executive officer Patrick Paul Gelsinger and Malaysian Investment Development Authority chief executive officer Arham Abdul Rahman plan to hold a press conference soon to disclose further details of the fresh investment.

Malaysia produces up to 13% of global chip packaging and testing. Some 7% of the world’s semiconductor trade passes through the country, with some value added at local factories where the chips are used in other products.

Last year, the country exported electrical and electronic products worth up to RM386.29 billion, accounting for 39.3% of Malaysia’s total exports in spite of Covid-19.

A software engineer here, Lincoln Lim, said that the fresh investments will create spillover effects, as besides new job opportunities, there will likely be bulk orders for Intel’s suppliers, namely the local small and medium-sized industries.

Lim said that Penang will consolidate its position as a player in the global supply chain for chips, which are now in high demand because of the growth in digitalisation, artificial intelligence, and the internet of things.

Source: TheVibes.com

About The Zen

A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop offices located at lower level. The residential component will feature 1,200 affordable units and 730 bigger open market units.

(Photos taken in Nov 2021)

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Valencia Residence is a 64-unit low-density private residence with a spacious built-up of 2,259 sq.ft. It is conveniently located within close proximity to Penang International Airpot and the proposed Penang South Island development.

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Find out more about Valencia Residence

Yet another new phase of landed residential development proposed by Great Marvel Sdn. Bhd. at Simpang Ampat. Located along Jalan Perdana, next to Casa Perdana (Phase 2B of Taman Perdana). It is just a stone’s throw away from Simpang Ampat Small Medium Industrial Park, about 10 minutes drive from Bukit Tambun Toll Plaza. Surrounding amenities within 5km include GEMS International Schools, Pearl City Mall, banks, market, eateries, and a few other public schools.

This development will feature a mix of 2-storey terrace and 3-storey zero-lot bungalow houses:

• 2-storey terrace (155 units)
• Zero-lot bungalow (16 units)

The project is still pending approval, more details to be available upon official launch.

Project Name : (to be confirmed)
Location : Simpang Ampat
Property Type : Terrace
Tenure : Freehold
Land Area: (to be confirmed)
Built-up Area: (to be confirmed)
Total Units : 155 (terrace), 16 (zero-lot)
Indicative Price: (to be confirmed)
Developer : Great Marvel Sdn. Bhd.

Location Map:

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

Construction works of several components are scheduled to begin in Gurney Wharf by middle of next month.

Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state government looked forward to the groundbreaking ceremony.

“There are several components that need to be worked on, and they are divided into two ‘priorities’.

“They are ‘Priority One’ and ‘Priority Two’.

“Several components such as children’s playground, skate park, viewing deck (south vantage point), public toilets, pedestrian promenade, trader’s kiosks, recreational park, landscape areas and open space carparks are categorised under ‘Priority One’.

“Works on the components under ‘Priority One’ will begin next year. The facilities are scheduled to open to the public by the end of next year (2022).

“Works on ‘Priority Two’ and ‘Priority One’ will start simultaneously.

“We hope that the components of ‘Priority Two’ will be completed by the second quarter of 2023,” he told a press conference at Gurney Drive today.

Jagdeep said the components listed under ‘Priority Two’ were additional landscaping areas, more recreational parks, a hawker centre, viewing deck (north vantage point), public toilets, more trader’s kiosks, multi-storey carparks, open space carparks, beach area and boardwalk, water garden, and the drainage system.

“We want to have more green parks in Penang. And we will see many green components in Gurney Wharf,” he said.

Jagdeep added that land reclamation is nothing new.

“There are many land reclamation projects that are implemented around the world, especially the island states where land are scarce.

“The question is whether can land reclamation be done in a sustainable manner. And we will ensure that land reclamation projects in Penang are done sustainably.

“With these additional land made available via land reclamation, we can build more affordable housing for the people, and we can have more green areas too,” he said.

Also present were Eastern & Oriental Berhad (development & construction management) senior general manager Datuk Zawawi Yusop and Public Works Department (JKR) road superintendent civil engineer Goh Kiet Rhee.

Source: Buletin Mutiara