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Intel to shut facilities in Malaysia, Philippines, US
Washington (AFP) Jan 21, 2009 Intel Corp., the world's biggest computer chip maker, announced plans on Wednesday to close facilities in Malaysia, the Philippines and the United States. The Santa Clara, California-based company said the moves were expected to affect between 5,000 and 6,000 employees worldwide. "However, not all employees will leave Intel," the company said in a statement. "Some may be offered positions at other facilities." Intel said it will close two assembly test facilities in Penang, Malaysia, and one in Cavite, Philippines, in addition to wafer production facilities in Santa Clara and Hillsboro, Oregon. The closures, Intel said, will take place between now and the end of 2009. The moves were designed to "align its manufacturing capacity to current market conditions," the company added. Intel reported last week that the economic slowdown and slumping demand for personal computers sent net profit sharply lower in the fourth quarter of the year. It said net profit in the last three months of the year plunged to 234 million dollars, down 90 percent from a year ago. Intel has also warned that it expects even worse results this quarter than the previous three months, with an expected revenue of seven billion dollars. Related Links Computer Chip Architecture, Technology and Manufacture Nano Technology News From SpaceMart.com
Taiwan's once-world beating memory chip makers face tough times
Taipei (AFP) Jan 18, 2009Taiwan's pivotal memory chip industry is facing tough times as international demand for high-tech products plunges in the midst of the deepening downturn gripping the global economy. |
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