INTEL to invest €1.3 billion in Chengdu

INTEL Corp will make an investment of €1.3 billion to upgrade its factory in Chengdu. The chipmaker is upgrading its production facilities and will bring its most advanced chip-testing technology to China. The factory packages and tests wafers which are used in electronics.

INTEL is to receive local and regional government support for construction. The Chengdu plant upgrade is expected to support the Chinese semiconductor industry and boost regional economic growth. The Chengdu plant has 2,500-3,000 full time employees, is one of INTEL’s three assembly test sites. The others are located in Malaysia and Vietnam.

According to a company statement, published by China Daily, the upgrade plan is “a significant step and an important corporate deployment to enhance Intel's business strategies in all computing and communications segments, particularly mobility business in the tablet, smartphone, Internet of Things, and wearable segments."

Further reading: usa.chinadaily.com.cn

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