Intel to close its business in Philippines
According to Intel executives, the chip manufacturer company will shutdown its Phillippines division. The Intel Technology Philippines Inc Division is the second offshore assembly opreations centre and it until now, it served as an important test location for company’s new products.
“In an effort to keep employees informed, Intel has updated its employees that significant investments would be required to ensure the long-term viability of its factory building in Cavite,” an Intel spokesman declared during the press conference on April 2. “Intel would like to reiterate that it has made no decision on this matter and is currently exploring multiple options,” he also added.
The Philippines division has more than 3,000 employees and is primary concern is manufacturing chipsets and processors but it also deals with designing flash memory chips. While the chipset and CPU divisions are set to a shutdown, the flash memory operation might be moved to Numonyx.
The move away decision will defenetly affect the country’s economy, as Intel was one of the primary players on the electronics market.
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