KUALA LUMPUR, Aug 24 (Bernama) -- Bursa Malaysia ended marginally lower on Monday as investors awaited further corporate earnings results for clearer market direction, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.15 of a point to 1,736.33 from last Friday’s close of 1,736.48. The benchmark index opened 1.83 points higher at 1,738.31, and fluctuated between 1,733.07 and 1,739.47 throughout the day. On the broader market, losers trounced gainers 714 to 482, while 539 counters were unchanged, 1,139 untraded and 46 suspended. Turnover decreased to 3.60 billion units valued at RM3.03 billion from 3.91 billion units valued at RM3.32 billion last Friday.
Intel (INTC.US) surged over 10% intraday , after announcing a US$14.2 billion deal to regain full control of a key semiconductor facility in Ireland, reinforcing its long-term AI-driven manufacturing strategy . Strategic Buyback to Strengthen AI Capacity Intel will acquire the remaining 49% stake in Fab 34 from Apollo Global Management , taking full ownership of the advanced chip manufacturing plant. The facility is critical to Intel’s roadmap, producing chips based on Intel 4 and Intel 3 process technologies , including Core Ultra and Xeon 6 processors , which are central to AI and high-performance computing demand . The move signals Intel’s intent to tighten control over strategic assets as it scales up production capacity to compete in the global AI race. Financial Impact: Short-Term Debt, Long-Term Gains The transaction will be funded through: Cash reserves (~US$14.3 billion) Approximately US$6.5 bil...