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