Oct. 22, 2009 (China Knowledge) - Intel Corp, the world's largest chip maker, said that it will invest additional US$75 million in Chengdu, the capital of city of Sichuan Province, Southwest China, sources reported.
It is the third time Intel has increased its investment in Chengdu, where it has assembly and test plant.
It is estimated that Intel's total investment in Chengdu will amount to US$600 million after the investment, which helped the city attract more information technology enterprises and complete the industrial chain.
Ge Jun, executive director of Intel China, said the procurement that supports operations of Chengdu plant are mainly done in the western province and Intel hopes Chengdu will attract downstream enterprises in PC and consumer electronics businesses.
It won't be long that West China will be as competitive as the Yangtze River Delta and Pearl River Delta, and it is a great opportunity for Intel to tap the rural markets in West China under the Chinese government's home appliance subsidy program in rural areas, according to Ge.
In February, Intel announced its plan to move the Shanghai chip assembly and test plant to Chengdu. The chip maker now has its research and development operations in Shanghai and a 12-inch wafer plant in Dalian, Liaoning Province.
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