×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Intel gets approval for $2.5 bn China’s Chip Plant

Intel gets approval for $2.5 bn China’s Chip Plant
Comment E-mail Print Share
First Published: Tue, Mar 13 2007. 03 22 PM IST
Updated: Tue, Mar 13 2007. 03 22 PM IST
By John Liu / Bloomberg
Shanghai: Intel Corp., the world’s biggest semiconductor maker, received government approval to invest $2.5 billion (Rs11,057 crore) for building a chip-making plant in China, its first in Asia.
The factory, to be located in the north-eastern city of Dalian, will have capacity to produce 52,000 chips per month using 90-nanometer technology, China’s National Development and Reform Commission said on 14 March.
The investment in Dalian will help Santa Clara, California- based Intel tap a semiconductor market where sales may triple to $124 billion in 2010 from $41 million in 2005, according to a researcher. Intel joins companies including Taiwan Semiconductor Manufacturing Co. and Hynix Semiconductor Inc. in building factories in the world’s biggest chip market.
Intel has manufacturing facilities in the US, Ireland and Israel. It also has testing and assembly plants in China, the Philippines, Malaysia, Costa Rica and the US.
Comment E-mail Print Share
First Published: Tue, Mar 13 2007. 03 22 PM IST
More Topics: Corporate News | Sector Spotlight |