Intel on its way out of the Philippines

First, it was Intel Makati that closed down. Then, Intel Philippines sold its flash division. Early April of 2007, Intel announced a $2.5 billion fab in China — that paved the way for speculations that it’s leaving the country.

Today, Eugene got wind of an imminent closure from purportedly existing employees of the Intel, Cavite plant.

From comments on the blog, there are claims an internal memo circulated yesterday that Intel is definitely moving out of the Philippines. Actual reasons vary — from high corporate taxes, to expensive electricity charges and even stealing of microchips. Our source says it’s about the structural integrity of the Cavite plant (that’s why the Laguna technoPark was an option).

Intel may be really moving most of its Asian operations to China. That’s where cheap labor is abundant. Intel still has assembly test sites in Kulim & Penang, Malaysia, Pudong & Chengdu, China and Ho Chi Minh City, Vietnam.

[javinotofphilipp ines]

yea i would to arroyo just a hungry lion l@@kin for food everywhere

[Javilovessoccing bushcuck]

Hah, as if you can eat silicon chips... Javi go fak off and kill yourself1