Intel May Invest as Much as $5.5 Billion in China Chip Plant
- Chipmaker plans to spend up to $3.5 billion in 3 to 5 years
- Micron says it may use chip supply from Dalian factory
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Intel Corp., the world’s biggest chipmaker, said it will invest as much as $5.5 billion in its plant in Dalian, China, to convert the factory to production of memory chips.
The plant, which began operations in 2010, will begin manufacturing the devices by the second half of next year, the Santa Clara, California-based company said Tuesday in a statement. Intel said it plans to invest as much as $3.5 billion in the next three to five years, which may subsequently increase to $5.5 billion.