Technology
Intel to Invest $7 Billion in New Chip-Packaging Factory in Malaysia, Creating 9,000 Jobs
Intel CEO Pat Gelsinger said on Thursday that Intel will invest more than US$7 billion (approximately Rs 53,380 crore) to build a new chip packaging and testing plant in Malaysia to expand production in the country after a global semiconductor shortage.
He said that Malaysia’s new advanced packaging facility is expected to start production in 2024.
The Malaysian government stated that the 30 billion ringgit (approximately Rs 54,140 crore) investment is expected to create more than 4,000 Intel jobs and more than 5,000 construction jobs in the country. Shortages and potential challenges brought by the recovery of the global pandemic,” Malaysia’s Minister of International Trade and Industry Mohamed Azmin Ali said in a statement.
The global shortage of semiconductor chips is partly due to the pandemic driving demand for electronic products and supply chain disruption, causing automakers to cut production and delay the delivery of smartphones from companies such as Apple.
The Malaysian chip assembly industry, which accounts for more than US$20 billion in global trade, has warned that the shortage will last for at least two years.
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.jpg "SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad")
SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.
SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.
In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.
Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.
“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.
“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.
SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.
On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.
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