
(Digital Marketing Agency, thesnsgroup.com)- Up to $1.6
billion is now in place for investment in upgrading chipmaker Intel’s factory
in China’s Chengdu, the company confirms.
The deal will bring Intel’s most advanced chip-testing
technology to the country, while the U.S’s firm will in turn receive local
and regional government support for construction.
"Deploying our newest advanced testing technology
in China shows our commitment to innovating jointly with China,"
Intel executive vice president William Holt said in the statement. "The
fully upgraded Chengdu plant will help the Chinese semiconductor industry and
boost regional economic growth."
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