Rumors are circulating that the US chipmaker, Intel, will be closing its plant in the Philippines. The real reason is not really clear as why the company will close its facility in the country but according to Craig Barret, Intel’s chairman, the company considers “political stability” as a major factor when making investment decisions. Considering the current political situation in the country, the president getting its lowest popularity survey that is, there’s no doubt that investors will also have second thoughts of continuing business here in the Philippines.
Intel first opened its manufacturing plant in the Philippines in 1974 in Makati City. Currently it employs about 3,000 employees in its facility in General Trias, Cavite.
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