Intel’s plan to ramp up its semiconductor production in China to help address the current global chip shortage was rejected by the White House over security concerns. Photo: Agence France-Presse
Intel said to put off takeover of GlobalFoundries’ chip plant in China
  • 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
18 Nov 2021 - 6:30PM