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Intel Says May Invest Up To $5.5 Billion In China Memory Chip Plant


Ron Burgundy
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Shadows are cast near Intel logo at the 2015 Computex exhibition in Taipei, Taiwan(Reuters) - Intel Corp said it may invest up to $5.5 billion in manufacturing semiconductors in China, stepping up efforts to improve ties with Beijing as it seeks new revenue streams while demand for its core computer processing chips falters. The U.S. firm said it would convert a facility in Dalian, its first plant in China, for memory chip production. It didn't disclose a time period for the investment, but said it will start making advanced memory chips that can store data without using up power, called 3D NAND chips, in second-half 2016.




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