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Pentium 4 causes Intel to expand plant in Shanghai

Intel Corp said Thursday it will expand an existing plant in Shanghai, in order to assemble and test Pentium 4 microprocessors that are in strong demand.

The Santa Clara, California-based company said in a statement it expects to spend US$100 million for the facility, out of a US$500 million investment it already announced it will use to set up facilities in China.

Intel said it expects the new facility to be finished by the end of this year, with the first commercially available products expected to be produced in the first half of next year.

Within three years, the company aims to employ 3,000 people in Shanghai, compared with about 1,300 now.

"The Shanghai expansion ... demonstrates Intel's continuing commitment to China's growing technology sector," said Intel chief executive officer Craig Barrett in a statement.

Intel has been in China since 1985 and has 13 offices in the country.

The factory where the assembly and test facility will be located is in Shanghai's Waigaoqiao free trade zone and currently produces flash memory for mobile devices and chipsets for Pentium 4 processors, Intel said.

Intel's move comes as major foreign companies have been rushing to set up or expand their production facilities in China to take advantage of low labor costs as well as to get a foothold in a huge emerging market.
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