Intel has been running their Cavite plant for decades now. The one in Bangkal, Makati (near South Super Highway) was abandoned a couple years ago. During our last podcast, Jomar mentioned that Intel is allegedly leaving the Cavite plant from friends/sources close to him who used to work there.
I’m not sure if this rumor is true or if it’s out in the news already (I Googled it and there’s nothing). However, while listening to TWiT 93: GMT (34:50), John C. Dvorak mentioned that Intel is putting up a $2.5 billion fabrication plan in Dalian City, China. The story which released last March can be found here.
Why would Intel leave the Philippines for China? Cheaper labor again? This is something to watch out for if indeed there’s truth in this story.
Loading ...
As of this posting, I received an email from a former colleague who works at Intel Cavite and they were already informed yesterday that they are closing down the site in 6-9 months. I feel sad about this news since i knew a lot of people over there who are really good and now they need to find work.