Intel to close five production plants
Up to 6,000 jobs cut as Intel shuts older production facilities in the US, Malaysia and the Philippines
Intel has announced that it will close five of its production plants, as it looks to streamline manufacturing.
The closures will affect older facilities, but will not impact on production of 45nm and 32nm production.
Up to 6,000 jobs could go, although around 1,000 of those jobs may be transferred to other facilities.
The plants that will be closed include two assembly test facilities in Penang, Malaysia and one in Cavite, Philippines, a 200nm wafer fabrication plant, Fab 20, in Oregon, US and a wafer production facility D2 facility in Santa Clara, US.
The closures will take place between now and the end of this year.
Last week Intel reported fourth quarter profits down 90% and revenue down 23%, citing poor market conditions in the PC sector.