As the global economic crunch continues, American company Intel Corporation: the world’s top chip maker, the largest semiconductor company and inventor of the x86 series of microprocessors (the processors found in most personal computers), proves that even they are not impervious to the deep recession its own country is going through; that they are capable of being hit and injured strong as they are just like any struggling small business players.
By the second quarter of this year, Intel will close its doors to the Philippines after 12 years of operation in its Cavite Plant and 34 years of doing business in its Makati City operations. By the end of 2009, it would have also closed two existing assembly test facilities in Penang, Malaysia, halt production at an older 200mm wafer fabrication facility in Hillsboro, Oregon (USA) and end wafer production operations right at the D2 facility in Silicon Valley, Santa Clara, California (USA).
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