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February 11, 2009

Intel to invest $7B on U.S. plants

Intel will spend $7 billion over the next two years to revamp three U.S. manufacturing plants, and the company’s CEO called on other companies to also invest in the future as a way to combat an economic recession.

The company will update manufacturing plants in Arizona, New Mexico and Oregon to build new 32-nanometer processor chips, Paul Otellini, the company’s president and CEO announced Tuesday.

The three U.S. plants will support about 7,000 Intel employees and “multiple thousands” of contractors, Otellini said.

Source: ComputerWorld

February 7, 2009

Intel to close unit in Shanghai, cut 2,000 local jobs

According to China Daily: “Intel Corp, the world’s leading semiconductor company, announced on Thursday it will shut a Shanghai Pudong plant as part of measures to streamline manufacturing operations in China.”

“The plant’s closure will affect about 2,000 employees, but they will have options, said Zhang. Intel has already promised to provide post transfers for the workers to the Chengdu plant, Intel’s still-under-construction Dalian plant or other Intel China divisions.”

January 21, 2009

Intel to Cut up to 6,000 Jobs

According to The New York Times: “Intel said Wednesday that it would lay off at least 5,000 people at some of its older chip manufacturing and test operations, as it grapples with a steep decline in demand for personal and business computers.

The company, based in Santa Clara, Calif., announced the cuts on Wednesday, less than a week after it reported a 90 percent drop in fourth-quarter net income to $234 million and a sharp drop in revenue.”

“Intel will close two test plants in Malaysia and one in the Philippines. It will also halt production at two chip plants in Oregon and California. As a result, 5,000 to 6,000 people will lose their jobs.”

Intel Corp.’s chief executive, Paul Otellini, told employees recently that conditions are uncertain.

  • At the end of 2008, Intel (NASDAQ:INTC) had 84,000 employees
  • Advanced Micro Devices, Inc. (NYSE:AMD) also recently revealed plans to cut nearly 9 percent of its work force.

Update (1-21-2009): Intel will end wafer production operations at the D2 facility in Santa Clara. However, not all employees will leave Intel; some may be offered positions at other facilities, the company said. The actions will take place between now and the end of 2009, according to Business Weekly

January 20, 2009

Intel CEO Says Conditions ‘Uncertain’

Filed under: Intel,Technology,US — DF @ 6:32 pm
Tags: , ,

According to WSJ: “Intel Corp.‘s chief executive, Paul Otellini, told employees last week that conditions are so uncertain in the first quarter that he could not rule out reporting a loss.”

Mr. Otellini is simply preparing employees for the worst, in terms of telling them why the company will be not be issuing them bonuses and otherwise watching its spending very closely.”

Update (1-21-2009): Intel to Cut at Least 5,000 Jobs

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