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Intel to cut production, shed jobs

Chip maker blames market conditions as facilities close and production lines are halted

Intel has followed up poor financial results last week with the news that it plans to cut production and staffing levels over the course of the rest of 2009.

The chip maker posted profit numbers for the last three months of 2008 which were down by 90 per cent over last year, at just USD 234 million.

As a result the company has detailed two assembly test facilities for closure, in Penang, Malaysia and Cavite in the Philippines, while production will be halted in Hillsboro, Oregon and wafer production will end at Santa Clara, California.

Intel said that the actions are expected to affect between 5000 and 6000 staff, although some employees will be relocated rather than made redundant.

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