Intel Corp, which is building a US$2.5 billion
semiconductor-production factory in China, is on schedule to begin
production there by 2010, chairman Craig Barrett said.
"You always make a decision to build a plant without a clear
view of the economy, or even a clear view of the products that are
going to run there," Barrett said in Davos, Switzerland, yesterday,
where he's attending the annual meeting of the World Economic
Forum. "We are still on the same general schedule."
According to Bloomberg News, Intel, the world's largest
computer-chip maker, announced its first manufacturing plant in
Asia in March, Bloomberg News reported.
The factory will bring the total investment in China by the
Santa Clara, California-based company to almost US$4 billion.
Intel already has plants for testing and assembling products in
other parts of China.
(Shanghai Daily January 25, 2008)
