Intel to Restructure China Business
Netease Tech, 2/05/09
CPU manufacturer Intel has announced adjustments to its Chinese production and operations that will affect the company's Chengdu, Dalian, and Shanghai Pudong plants. An Intel spokesperson stated that over the next 12 months the company plans to consolidate packaging and testing operations in Shanghai's Pudong District, moving operations to its Chengdu plant and ending operations at the Shanghai plant once consolidation is complete. Intel emphasized that the changes will affect 2,000 employees at the Shanghai Pudong plant, but that the company has no layoff plans. In addition, Intel announced that the company has increased its investments in its new chip plant located in Dalian with additional funds to be used to ensure the plant obtains technology licensing for advanced chip production technologies.
At the same time, Intel has announced it will increase registered capital at the company's Shanghai investment firm by USD 110 mln, with a goal of strengthening Chinese investment operations.
Intel's other Chinese interests, including the company's Chengdu plant, ongoing construction of a chip plant in Dalian, the Intel China Research Center (ICRC) in Beijing, and Intel Capital's second-phase China Technology Fund are all progressing as previously announced by the company.
Keywords: corporate restructuring HR hardware Intel Intel Capital semiconductor
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