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Intel to shut down Shanghai plant, costing 2,000 jobs
By Zhu Shenshen |
February 5, 2009, Thursday
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Online Edition
Online Edition
INTEL Corp today announced plans to close its assembly and test plant in Shanghai, which employs 2,000 workers, and shift its operations to a cheaper region.
But Intel, the world's biggest chip maker, said it will increase investment in China by US$110 million.
Intel will close the Shanghai plant, its first in China costing US$500 million, within the next 12 months. The chipmaker will shift the operations to the western Chinese city of Chengdu.
Intel said it will give the 2,000 workers the opportunity to apply for jobs in its plants in Chengdu and Dalian.
The move was a result of "the recent economic conditions", Intel said.
The company said it will continue to operate a development center in Shanghai and increase investment in its Dalian plant, its first 12-inch wafer plant and biggest investment project in China.
Last month Intel said it would close five plants globally, two in the United States, two in Malaysia and one in the Philippines.
But Intel, the world's biggest chip maker, said it will increase investment in China by US$110 million.
Intel will close the Shanghai plant, its first in China costing US$500 million, within the next 12 months. The chipmaker will shift the operations to the western Chinese city of Chengdu.
Intel said it will give the 2,000 workers the opportunity to apply for jobs in its plants in Chengdu and Dalian.
The move was a result of "the recent economic conditions", Intel said.
The company said it will continue to operate a development center in Shanghai and increase investment in its Dalian plant, its first 12-inch wafer plant and biggest investment project in China.
Last month Intel said it would close five plants globally, two in the United States, two in Malaysia and one in the Philippines.
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