Thursday, December 11, 2014

Chipmaker Intel Confirms Investment in Chengdu-Based Factory




(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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