Intel Plans to Build Facility in China
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Intel Corp. plans to build a $200-million plant in Chengdu, China, for testing and assembling semiconductors.
Intel, the world’s biggest computer-chip maker, will employ 675 people at the plant, which will package and test electronic chips to produce finished semiconductors, the company said in an e-mailed news release.
The Santa Clara, Calif.-based company is investing in overseas plants and offices to take advantage of lower wages and an increasing appetite for electronics.
Intel shares rose 47 cents to $27.71 in Nasdaq trading.
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