Intel Corp. said Wednesday it plans to close some facilities worldwide which will result in up to 6,000 manufacturing job cuts as it adjusts to slumping demand for chips in the current economic recession.
Intel will shut three assembly test facilities in Malaysia and the Philippines, the company said in a released statement. It also said will halt production at plants in Hillsboro, Oregon and Santa Clara, California.
These adjustments are expected to be finished by the end of this year, Intel said. It added that the moves would affect between 5,000 and 6,000 jobs but emphasized some employees would be offered positions elsewhere in the company.
Rival Advanced Micro Devices Inc. also announced it will cut 1,100 jobs last Friday.