Sporkman
September 10th, 2007, 04:54 PM
http://money.cnn.com/news/newsfeeds/articles/djf500/200709092046DOWJONESDJONLINE000320_FORTUNE5.htm
Intel Breaks Ground On $2.5 Bln Chip Plant In China
Dow Jones
September 09, 2007: 08:46 PM EST
SAN FRANCISCO (Dow Jones) - Intel Corp., the world's largest chipmaker, said Saturday that construction work is underway at its $2.5 billion chip manufacturing plant in China.
The Dalian, China facility will be Intel's first manufacturing plant in Asia, and is expected to be in operation in 2010.
Intel, which has been in a heated battle for market share against rival Advanced Micro Devices Inc. (AMD) , has invested roughly $4 billion in China.
The Santa Clara, Calif.-based company already has two assembly and test plants in Shanghai and Chengdu. It also has research and development centers in Beijing, Shanghai and other areas in China.
Named Fab 68, the plant will "be an integral part of our global manufacturing network while bringing us closer to our customers and partners in China," said Intel Chairman Craig Barrett in a statement.
Barrett this past week said that the company is still interested in building a chip-manufacturing plant in India, though the government "has been a bit slow in coming out with a semiconductor policy and missed the window" on its manufacturing facility "for now."
Intel also said it's working to develop local talent through partnerships with Dalian University of Technology and its establishment of the Semiconductor Technology Institute with the municipal government.
Shares of Intel fell 68 cents to close at $25.47 on Friday.
Intel Breaks Ground On $2.5 Bln Chip Plant In China
Dow Jones
September 09, 2007: 08:46 PM EST
SAN FRANCISCO (Dow Jones) - Intel Corp., the world's largest chipmaker, said Saturday that construction work is underway at its $2.5 billion chip manufacturing plant in China.
The Dalian, China facility will be Intel's first manufacturing plant in Asia, and is expected to be in operation in 2010.
Intel, which has been in a heated battle for market share against rival Advanced Micro Devices Inc. (AMD) , has invested roughly $4 billion in China.
The Santa Clara, Calif.-based company already has two assembly and test plants in Shanghai and Chengdu. It also has research and development centers in Beijing, Shanghai and other areas in China.
Named Fab 68, the plant will "be an integral part of our global manufacturing network while bringing us closer to our customers and partners in China," said Intel Chairman Craig Barrett in a statement.
Barrett this past week said that the company is still interested in building a chip-manufacturing plant in India, though the government "has been a bit slow in coming out with a semiconductor policy and missed the window" on its manufacturing facility "for now."
Intel also said it's working to develop local talent through partnerships with Dalian University of Technology and its establishment of the Semiconductor Technology Institute with the municipal government.
Shares of Intel fell 68 cents to close at $25.47 on Friday.