Intel is increasing focus on Asia as the market will continue to experience strong growth in the future.
The chipmaker today announced that it will be expanding the factory located in Chengdu for $1.6 Billion which will be supported by the government.
“Deploying our newest advanced testing technology in China shows our commitment to innovating jointly with China. The fully upgraded Chengdu plant will help the Chinese semiconductor industry and boost regional economic growth,” said William Holt, Intel Executive Vice President.
Intel has increased the focus on Asia in recent years, especially in China and understand the importance of investing in the region and working with the government in order to be successful. Many other international companies fail to do exactly that and are therefore locked out of China.