Intel Deepen Chinese Ties by Upgrading its Factory in Chengdu
In the latest sign that shows Intel Corp. a U.S. chip maker is deepening its ties with the Chinese market is planning to invest US$ 1.6 billion in upgrading their factory in the city of Chengdu. As part of their upgrading the company that it will bring its most advanced chip testing technology in to China and in exchange, the Intel will be getting local and regional government support for construction.
By deploying their newest advanced testing technology and is showing their commitment to be fully innovated with China. William Holt Intel’s executive vice president that once the fully upgraded Chengdu plant is open this will help the Chinese semiconductor industry and boost the regional economic growth. The company’s announcement came three months after Intel purchased a minor stake in a government controlled semiconductor company that jointly design and distribute mobile chips which is an industry that China say of strategic importance.
The Intel fortunes in China contract with its rival Qualcomm Inc. that is already expected to announce a potentially record breaking settlement with the Chinese antitrust regulators. Chinese investigators at the San Diego based Qualcomm in recent probes against firms that included Microsoft prompted an outcry from foreign business lobbies saying that the Chinese government adopted a strong arm tactic to yield a technology sharing along with other arrangement that is beneficial to domestic industry.