Special Report: Global Financial Crisis

    MANILA, Jan. 22 (Xinhua) -- The U.S.-headquartered computer chip giant Intel Corp. on Thursday said it would shut down its plant in northern Philippines as part of the company's "restructuring plan" amid financial crisis.

Intel Corporation President and CEO Paul S. Otellini walks onto the stage to deliver his keynote address at the Oracle OpenWorld conference in San Francisco, California September 23, 2008.(Xinhua/Reuters Photo) Photo Gallery>>>

    In a statement, Intel said approximately 1,800 employees in its factory in Cavite province would be affected by the closure, but the company would offer a "severance package and a range of transition services" for them.

    "We know this is a difficult time for our employees and their families and we will make available the best support systems to ease the transition," the company said, adding that it is "deeply grateful" for the strong government support in the last 35 years.

    Intel headquarters on Thursday morning said it will also close two existing assembly test facilities in Malaysia and halt production at an older 200 mm wafer fabrication facility in Oregon, the United States.

    Between 5,000 and 6,000 employees worldwide are estimated to be affected by the chipmaker's latest move to "restructure some of the manufacturing operations and align its manufacturing capacity to current market conditions," the company said.     

Intel to cut up to 6,000 jobs 

    BEIJING, Jan. 22 (Xinhuanet) -- Intel Corp. said Wednesday it would close older manufacturing plants as part of a restructuring that would affect as many as 6,000 people.

    Intel said it would close two assembly test facilities in Penang, Malaysia, and one in Cavite, Philippines. It will halt production at a wafer fabrication facility in Hillsboro, Oregon, and stop some operations at a facility in Santa Clara, California.  Full story

Intel's profit down 90% in 4th quarter of 2008

   SAN FRANCISCO, Jan. 15 (Xinhua) -- Intel, the world's largest chipmaker, on Thursday posted a net income of 234 million U.S. dollars in the fourth quarter of 2008, 90 percent lower than the same period a year ago but still met expectations.

    Quarterly earnings per share was 4 cents per share. In comparison, the company reported a net income of 2.3 billion U.S. dollars and earnings per share of 38 cents in the fourth quarter of 2007.   Full story