Intel plans $2.5 billion China plant
Intel Corp, the world’s biggest chipmaker,
has announced plans to build a $2.5bn chip factory in China, boosting its
investments in the country to $4bn.
Intel Corp, the world’s biggest chipmaker, has announced plans to build a $2.5bn chip factory in China, boosting its investments in the country to $4bn.
The Intel factory will be China’s biggest foreign high-technology investment to date, and analysts say the project could signal a landmark shift in the Chinese economy from labour-intensive manufacturing to more advanced production methods.
Speaking at a news conference in Beijing’s Great Hall of the People, Paul Otellini said the move would pave the way for a bigger US presence in the booming Chinese market.
“Our goal in China is to support a transition from ‘manufactured in China’ to ‘innovated in China.’”
Significant to this project is that the China market alone can consume the product of this factory.
Posted: Mon - March 26, 2007 at 12:16 PM