Intel set to invest more in Chengdu chip plant
By Zhu Shenshen |
October 20, 2009, Tuesday
|
Print Edition
Print Edition
INTEL Corp will increase its investment in Chengdu by US$75 million after the chip maker in February announced the closure of its Shanghai chip assembly and test plant and a shift of its operations there, the firm said yesterday.
The latest injection will bring Intel's investment in Chengdu, capital of Sichuan Province, to US$600 million. The relocation of the operations is expected to finish by the end of November.
"Intel's expansion in Chengdu will attract related information technology firms to move to the west" of the country, said Ge Jun, executive director of Intel China.
The chip maker invested US$2.5 billion to make chips and chipsets in a 12-inch wafer plant in Dalian, Liaoning Province. In Shanghai, the chip maker will focus on research and development. It will assemble and test chips in Chengdu.
Eight months ago, Intel announced the closure of its assembly and test plant in Shanghai. The 2,000 workers at the plant were given the opportunity to apply for jobs in its Chengdu and Dalian plants.
The move was a result of "the recent economic conditions," Intel said then.
Globally, Intel has closed five plants - two in the United States, two in Malaysia and one in the Philippines.
Intel reported that its profit and sales both fell 8 percent between July and September on weak spending by corporations due to the global recession.
In the third quarter, Intel's net profit was US$1.9 billion, down from US$2 billion in the same period a year ago.
The latest injection will bring Intel's investment in Chengdu, capital of Sichuan Province, to US$600 million. The relocation of the operations is expected to finish by the end of November.
"Intel's expansion in Chengdu will attract related information technology firms to move to the west" of the country, said Ge Jun, executive director of Intel China.
The chip maker invested US$2.5 billion to make chips and chipsets in a 12-inch wafer plant in Dalian, Liaoning Province. In Shanghai, the chip maker will focus on research and development. It will assemble and test chips in Chengdu.
Eight months ago, Intel announced the closure of its assembly and test plant in Shanghai. The 2,000 workers at the plant were given the opportunity to apply for jobs in its Chengdu and Dalian plants.
The move was a result of "the recent economic conditions," Intel said then.
Globally, Intel has closed five plants - two in the United States, two in Malaysia and one in the Philippines.
Intel reported that its profit and sales both fell 8 percent between July and September on weak spending by corporations due to the global recession.
In the third quarter, Intel's net profit was US$1.9 billion, down from US$2 billion in the same period a year ago.
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