Intel says it will pay $1.6B for Chinese facility


The move represents another success the company has had investing in the exclusive market.

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The move represents another success the company has had investing in the exclusive market.

“Deploying our newest advanced testing technology in China shows our commitment to innovating jointly with China,” Bill Holt, Intel’s Hillsboro-based Intel manufacturing chief, said in a statement to Reuters. “The fully upgraded Chengdu plant will help the Chinese semiconductor industry and boost regional economic growth.”

Intel opened the Chengdu facility in 2005 and has four factories there. It’s among a few sites in Asia where Intel assembles chipsets, packages of computer chips that manage communication within a computer.

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