Intel breaks ground in China for US $2.5 billion silicon fabrication plant

[TexasLawyer]

Source: China Post

Intel breaks ground in China for US $2.5 billion silicon fabrication plant

Sunday, September 9, 2007
AP

DALIAN, China -- Intel Corp. held a groundbreaking ceremony Saturday for its first chip factory in China, expanding its presence in the booming Chinese computer industry and boosting Beijing's campaign to lure foreign high-tech investment.

The US$2.5 billion (€1.8 billion) facility, one of the biggest single foreign investments in China, will be Intel's first silicon-wafer fabrication plant in Asia and its eighth worldwide. It is due to open in 2010 with a work force of 1,200.

The new factory, dubbed "Fab 68," will produce chipsets, which connect microprocessors to other computer components. Intel says it chose not to equip the plant with its most advanced processes because of U.S. restrictions on high-tech exports. The groundbreaking ceremony was attended by Intel Chairman Craig Barrett, a deputy chairman of the Chinese Cabinet's main planning agency and the mayor of this northeastern port city, which is a growing center for the software and computer industries.

"China is obviously such a booming economy. We very much felt like it was important to be near our customers," said Kirby Jefferson, the Dalian plant's general manager, in an interview ahead of the ceremony.


Read more: http://www.chinapost.com.tw/business/2007/09/09/121850/Intel-breaks.htm

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meanwhile.......

More Intel job cuts are on the way

Posted by The Oregonian September 07, 2007 17:15PM
Categories: Breaking News, Washington County

Intel plans a fresh round of job cuts this fall, putting dozens of Oregon workers at risk. The chipmaker says it notified personnel today that Intel plans to reduce its number of information technology employees between 10 percent and 12 percent. The company has 7,500 IT employees globally.

Intel employs 16,000 people in Oregon, about 17 percent of its worldwide work force. If the cuts are spread evenly across the company, between 125 and 150 Oregon IT workers would lose their jobs.

The cuts continue Intel's efforts to make the company more efficient, begun when the California-based company announced restructuring plans last fall. Intel did not set a timetable for completing today's cuts, but employees said they expect the process to be complete by the end of the year.

Intel eliminated more than 10,000 jobs across the company in last year's restructuring, including more than 1,100 in Oregon.

<snip>

http://blog.oregonlive.com/business/2007/09/more_intel_job_cuts_are_on_the.html

[Joanne98]

1. Fucking bastards!

[Morereason]

5. They just announced more layoffs.. yet the total head count has NEVER dropped

Just let go Americans and hire from other countries.

Who built Intel anyway? Americans!

Scum.

[Tandalayo_Scheisskopf]

2. In other words...

Cheap labor and the freedom to pollute as they want. Chip fabs make tons of pollution.

[Dont_Bogart_the_Pretzel]

12. I'm glad they are polluting over there and not over here

:sarcasm:

[Deja Q]

3. Well, the definition of 'efficient' means 'cost control'.

In a globalized world, isn't everybody a customer?

Perhaps Intel has said more than it should?

And what will the quality of their new products be like?

[Double T]

4. One more damn good reason to NOT elect a corporatist President.

corporate america is building up the largest communist country in the world and it is unbelievable to me that MOST in washington, d.c. don't see a huge problem with that. The US national security and US economic stability are in jeopardy.

[AzDar]

6. Word.

:thumbsup:

[OneBlueSky]

7. Intel is an American corporation . . . what does this mean? . . .

what advantages does Intel have by virtue of being an American corporation? . . . can those advantages be modified or taken away if the company moves large numbers of jobs to other countries? . . . or builds plants in other countries? . . .

we need a new approach for dealing with corporations who are essentially above the law . . . there must be consequences for actions that harm the nation and its people . . .

[seafan]

8. But, Intel *saves the day* by boosting its sales forecast..... sure.

More Intel job cuts are on the way, September 7, 2007


Intel breaks ground in China for US$2.5 billion silicon fabrication plant, September 9, 2007



Most U.S. Stocks Fall on Credit Concern; WaMu, Countrywide Drop, September 10, 2007

Today's declines were limited after Intel Corp. boosted its sales forecast, spurring speculation that the economy is strong enough to stoke consumer demand.

I don't understand how these American companies that have outsourced thousands of jobs are allowed to include the production of foreign workers to be a part of OUR domestic economic figures. That is a way of hiding the gravity of the economic situation from people's awareness here in the US.

It is all a shell game. And We The People are the losers.

[ericgtr]

9. Outsourcing

is probably the route they are going to take for IT needs. As someone who works at Intel (Oregon) I can attest that there is already a shortage in IT, which makes my job difficult as it is. I don't see how they can possibly survive with another cut like this, I can only see them outsourcing the entire thing, servers and all, to another country. Shame.

[Javaman]

10. So weird.

Intel builds in china, yet Samsung builds their largest FAB plant here in the U.S. because, as they have stated, "U.S. workers do better work". Huh, go figure.

so Intel is interested in cutting costs? or making just making crappy chips? Perhaps they will be lead based.

[Deja Q]

13. They said they wanted to be closer to their customers.

Which proves China isn't inherently our enemy.

Probably. I have no idea.

Nice to know Samsung is building here. They're an up'n'comer against Sony in the display market, that's for sure...

[Javaman]

11. dupe nt