An aerial view of US semiconductor firm GlobalFoundries’ abandoned chip fabrication plant in Chengdu, capital of southwest Sichuan province. Photo: Weibo
An aerial view of US semiconductor firm GlobalFoundries’ abandoned chip fabrication plant in Chengdu, capital of southwest Sichuan province. Photo: Weibo

Intel shelves plan to take over GlobalFoundries’ abandoned chip plant in Chengdu, sources say

  • Intel’s proposed takeover of the abandoned joint venture factory in Chengdu was intended to fast-track the company’s expansion plans in China
  • The deal could have revived one of the country’s major foreign-invested semiconductor projects

Topic |   Semiconductors
An aerial view of US semiconductor firm GlobalFoundries’ abandoned chip fabrication plant in Chengdu, capital of southwest Sichuan province. Photo: Weibo
An aerial view of US semiconductor firm GlobalFoundries’ abandoned chip fabrication plant in Chengdu, capital of southwest Sichuan province. Photo: Weibo
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