Posted on Tuesday, October 26 2010 @ 14:25 CEST by Thomas De Maesschalck
Reuters
reports Intel CEO Paul Otellini opened the company's first chip plant in China. This new fab will serve as Intel's first front-end semiconductor facility in Asia, it will address the rapidly growing Chinese market and enable Intel to better service customers in Asia.
Chip heavyweight Intel Corp opened its first chip plant in China on Tuesday in a move that said could help boost China's economy, several years after the U.S. firm first announced the $2.5 billion project.
"For 25 years now, Intel has been investing and innovating in China with China and for China," Chief Executive Officer Paul Otellini said in a statement.
