Updated at 3:00 p.m. PST with comments from an Intel spokesperson.Intel said on Wednesday it will close chip plants to align its manufacturing capacity to current market conditions. Between 5,000 and 6,000 employees will be affected.
The world's largest chipmaker will halt production at five "older" factories.
The company plans to close two existing assembly test facilities in Penang, Malaysia, and one in Cavite, Philippines, and will halt production at Fab 20, an older 200mm wafer fabrication facility in Hillsboro, Ore., Intel said. Additionally, wafer production operations will end at the D2 … Read more