Intel to build $2.5-bln chip plant in China
U.S. computer chip giant Intel Corp. began on Saturday to build $2.5-bln chip plant in China. This is the first Intel chipset plant in Asia, which involves 2.5 billion U.S. dollars in the first stage investment. Intel’s investment is part of growing foreign investment in China’s computer and other technological fields. The project, which was announced in March this year, will go into production in 2010. The project is a part of Intel’s network of eight such facilities worldwide. The new factory, dubbed “Fab 68”, will use 90-nanometer technology, an advanced chip-making method that measures its work 90 billionths of a meter, the most advanced technology that the U.S. government has licensed for export, Paul Otellini, Intel’s president and chief executive officer, said at a press conference in Beijing in March.
Intel Chairman Craig Barrett attended the ground breaking ceremony of the plant, which is located in the Dalian Economic and Technological Development Zone in northeast China. The city government of Dalian estimates the plant can provide about 1,700 jobs.