Intel to close 2 plants in Penang, no layoffs (updated)


GEORGE TOWN: US chipmaker Intel Corporation is planning to close two its existing assembly test facilities in Bayan Lepas, Penang, but said the more than 1,000 affected employees would not be laid off.

In a statement released Thursday from its Santa Clara, California office, the company said the plans were part of the company’s move to restructure some of its manufacturing operations and align its manufacturing capacity to current market conditions.

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