Intel to shut facilities in Penang

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INTEL, the giant computer chip maker said it will close two assembly test facilities in Penang between now and the end of 2009.

It was also learned that their other facilities in the Philippines and the United States will also be shut down due to the current economic uncertainties and the continuous loss in net profit which Intel is unable to coop with.

With the closure of the Penang, the Philippines and the United States facilities, it is expected to lay off about 5000 over employees.

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