Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Intel Cuts Capacity

You know it?? bad in the chip industry when giant Intel cries uncle.

The Santa Clara (Calif.)chipmaker announced Jan. 21 that it would be shuttering five older manufacturing plants to ??lign capacity to current market conditions.?/p>

The company plans to close two existing assembly test facilities in Penang, Malaysia and one in Cavite, Philippines, and will halt production at Fab 20, an older 200mm wafer fabrication facility in Hillsboro, Ore. Additionally, wafer production operations will end at the D2 facility in Santa Clara, Calif.

Intel says some of the 5,000 employees at the plants will lose their jobs by the end of 2009, though some will be reassigned.

The news comes as Intel is slashing prices on its fastest quad-core processors, up to 40 percent, to compete with rival Advanced Micro Devices, which is moving to take share in the high-end gaming market with well-received lower-priced quad-core chips called Phenom.

The entire semiconductor industry is reeling from a double-whammy of overcapacity and slumping demand. AMD a day earlier announced it was selling its cellular chip business to Qualcomm. AMnd the smaller chipmaker announced plans recently to shed 1,000 more jobs, in addition to hundreds lost recently and slash salaries across the board.

blog comments powered by Disqus