Intel said Thursday it is consolidating its manufacturing operations in China and moving 2,000 jobs out of Shanghai.
"We are consolidating our manufacturing operations in China consistent with actions we announced a couple of weeks ago," Intel spokesman Chuck Mulloy said Thursday.
Intel said on January 21 that it would close chip plants to align its manufacturing capacity to current market conditions. At that time, Intel said between 5,000 and 6,000 employees would be affected.
"Assembly and testing facilities will be closed in in Pudong outside of Shanghai. This will take place between now … Read more