Intel to make 5,000 job cuts as five plants close
Intel, the computer chip maker, will lay off at least 5,000 staff and close five of its older manufacturing plants during the year.
As part of a corporate restructuring, the company will close two assembly test facilities in Penang, Malaysia and one in Cavite, Philippines. Production will also cease at Fab 20, an older 200mm wafer fabrication facility in Hillsboro, Oregon. Additionally, wafer production operations will end at the D2 facility in Santa Clara, California.
The company said it was necessary to align production with current economic conditions.
The move will not impact the deployment of new, leading-edge 45-nanometer and 32-nanometer manufacturing capacity, Intel added.