In­tel to invest $1.6b in Chengdu plant

China Daily (Canada) - - ACROSSAMERICA - By PAUL WELITZKIN in New York and GAO YUAN in Beijing

US-based In­tel Cor­po­ra­tion is in­vest­ing $1.6 bil­lion to up­grade a plant in Chengdu in Sichuan prov­ince even as the Chi­nese gov­ern­ment con­ducts in­ves­ti­ga­tions into ma­jor for­eign com­pa­nies op­er­at­ing in the main­land.

“We have been op­er­at­ing in China for over 40 years and we be­lieve that our business prac­tices are con­sis­tent with Chi­nese law,” Chuck Mul­loy, In­tel spokesman told China Daily Thurs­day.

Mul­loy said the Chengdu plant which has 2,500-3,000 full time em­ploy­ees, is one of three assem­bly test sites. The oth­ers are lo­cated in Malaysia and Viet­nam.

“We are a global company and half of our wafer man­u­fac­tur­ing is done in the US with the other half in Ire­land and Is­rael,” Mul­loy said. “We be­lieve that China is an im­por­tant emerg­ing mar­ket.”

The Na­tional De­vel­op­ment and Re­form Com­mis­sion, the coun­try’s top eco­nomic plan­ner, has been in­ves­ti­gat­ing US chip­maker Qual­comm for over a year. Me­dia re­ports in China in­di­cate the company will likely face a fine ex­ceed­ing $1 bil­lion. Ear­lier this year the Amer­i­can Cham­ber of Com­merce in China ex­pressed con­cern over in­ves­ti­ga­tions that have scru­ti­nized at least 30 for­eign firms, in­clud­ing Mi­crosoft Corp and Jaguar Land Rover.

“The strate­gic in­tent is a sig­nif­i­cant step and an im­por­tant cor­po­rate de­ploy­ment to en­hance In­tel’s business strate­gies in all com­put­ing and com­mu­ni­ca­tions seg­ments, par­tic­u­larly mo­bil­ity business in the tablet, smart­phone, In­ter­net of Things, and wear­able seg­ments,” the company said in a state­ment.

“By bring­ing In­tel’s lat­est tech­nol­ogy to China, we have demon­strated our com­mit­ment to in­no­vate with China. The full up­grade of our Chengdu fa­cil­ity will en­hance the in­no­va­tive spirit of the Chi­nese IT in­dus­try as well as drive re­gional eco­nomic growth,” said Wil­liam Holt, ex­ec­u­tive vice-pres­i­dent and gen­eral man­ager at its tech­nol­ogy and man­u­fac­tur­ing group. Con­tact the writ­ers at paulwelitzkin@chi­nadai­lyusa. and gaoyuan@ chi­nadaily.com.cn

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.