NEW YORK (Reuters) - Intel Corp (INTC.O) said on Wednesday it would close manufacturing plants in Malaysia and the Philippines and scale back U.S. operations as part of a restructuring that affects as many as 6,000 employees.
The announcement comes a day after the world's largest maker of microprocessors used in personal computers slashed prices on a number of its processors, and a week after it reported a decline in fourth-quarter revenue amid slower global demand.
Intel said it would close two assembly test facilities in Penang, Malaysia, and one in Cavite, Philippines. It will halt production at a wafer fabrication facility in Hillsboro, Oregon, and stop some operations at a facility in Santa Clara, California.
The actions will affect 5,000 to 6,000 jobs, but not all positions would be cut, Intel said in a statement. The chipmaker said it would offer some workers positions at other facilities, adding that the restructuring will take place between now and the end of 2009.
The announcement comes a day after the world's largest maker of microprocessors used in personal computers slashed prices on a number of its processors, and a week after it reported a decline in fourth-quarter revenue amid slower global demand.
Intel said it would close two assembly test facilities in Penang, Malaysia, and one in Cavite, Philippines. It will halt production at a wafer fabrication facility in Hillsboro, Oregon, and stop some operations at a facility in Santa Clara, California.
The actions will affect 5,000 to 6,000 jobs, but not all positions would be cut, Intel said in a statement. The chipmaker said it would offer some workers positions at other facilities, adding that the restructuring will take place between now and the end of 2009.
