Intel shelves plan to take over GlobalFoundries abandoned chip plant in Chengdu, sources say
The deal, part of what the people described as “secret projects” inside Intel, could have revived one of China’s major foreign-invested semiconductor projects, for which the Chengdu government rolled out the red carpet in 2017.
The proposed takeover was put on hold around August 12, after a number of job positions at the site were opened for applications, according to a former Intel employee, who requested anonymity because the discussion was private.
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