In a memo circulated among employees of Intel Philippines, the chipmaker has finally conceded and will shut down its facilities in Gen Trias, Cavite by end of 2009. According to a source who received the memo, Intel will no longer continue its plans to transfer its operations to Laguna (the one by NXP Semiconductors, formerly Philips Semiconductors, plant in Cabuyao as reported earlier). Intel has been taking bids and contracting 3rd party providers for the transfer but suddenly scrapped them altogether. Since April 2008, Intel has been consistently shaving off manpower in the Cavite plant and is now down by about 800 employees from 3,000 last year. Intel' Public Relations firm indicated that formal announcement will be made tomorrow morning. In related news, Intel is looking at a possible loss for 1Q of 2009. Got the official statement from Intel Corporation today and it turns out bigger than we originally expected and involves around 5,000 to 6,000 employees worldwide, including 1,800 in the Philippines. Copy of the full disclosure below: Chuck Mulloy Intel Corporation Santa Clara, California, Jan. Read more in our articles including "Intel to shut down Cavite facility by year-end" and "Intel closes Malaysia, Philippines, Oregon & California Operations".
In a memo circulated among employees of Intel Philippines, the chipmaker has finally conceded and will shut down its facilities in Gen Trias, Cavite by end of 2009. According to a source who received the memo, Intel will no longer continue its plans to transfer its operations to Laguna (the one by NXP Semiconductors, formerly Philips Semiconductors, plant in Cabuyao as reported earlier).
Intel has been taking bids and contracting 3rd party providers for the transfer but suddenly scrapped them altogether. Since April 2008, Intel has been consistently shaving off manpower in the Cavite plant and is now down by about 800 employees from 3,000 last year. Intel' Public Relations firm indicated that formal announcement will be made tomorrow morning.
Our coverage of intel cavite includes: "Intel to shut down Cavite facility by year-end"; "Intel closes Malaysia, Philippines, Oregon & California Operations"; "Intel launches new Core i3, i5 and i7 CPUs". Each article provides unique insights and information.