Intel Leaving The Philippines?
Intel may be considering closing their operations in the Philippines. There isn't any estimates on who Intel might be able to sell their facility to, or what such a sell might mean for the world's largest chip maker or the numerous employees.
“Located south of Manila and employing 3,000 people, Intel Technology Philippines Inc is the US firm's second offshore assembly operations center in Asia and also serves as a test site.
The company said it has invested around 1.51 billion US dollars in the country.”
The senior management met with employees Wednesday, but the fate of Intel’s operations in the Philippines will not likely be decided for another 6-9 months.