share
 

Intel unveils additional investment in China to boost local supply chain

0 Comment(s)Print E-mail Xinhua, October 29, 2024
Adjust font size:

Workers set up the exhibition booth of Intel Corporation in preparation for the fifth China International Import Expo (CIIE) in east China's Shanghai, Nov. 2, 2022. [Photo/Xinhua]

U.S. chip giant Intel on Monday announced the expansion of its packaging and testing base in southwestern China to boost local supply chain efficiency and better serve Chinese clients.

With a capital increase of 300 million U.S. dollars, the added capacity at its base in Chengdu, Sichuan Province, will primarily focus on packaging and testing services for server chips to meet Chinese clients' demand for customized packaging solutions. A new customer solutions center will also be established to enhance the efficiency of the local supply chain and increase support for Chinese customers, the company said in an announcement.

China's persistent pursuit of high-quality development and high-level opening-up serves as the foundation and driving force for Intel's long-term development in the Chinese market. Intel's strategy of being rooted in China and serving its customers remains unchanged, according to Wang Rui, senior vice president and chairman of Intel China.

The Chengdu base, put into operation in 2003, is one of Intel's largest chip packaging and testing centers globally.

Amidst the challenging global economic recovery, preserving the resilience and stability of global industrial and supply chains is crucial for fostering growth.

Intel has been under considerable revenue pressure in the global market in recent years. Bai Ming, a researcher with the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce, said Intel aspires to leverage the growth of the Chinese market to overcome business challenges and enhance its overall performance.

Intel has been in China for nearly four decades, establishing its first representative office in Beijing in 1985. China has become the regional market where Intel has the largest investment and the most comprehensive organization outside the United States. Nearly a quarter of Intel's global revenue of over 50 billion U.S. dollars comes from the Chinese market.

The fresh move once again demonstrates the importance of the Chinese market to global chip players. Last year, executives of several chip giants visited China, seeking closer collaboration with the world's largest semiconductor market. Intel CEO Pat Gelsinger, when visiting China in April 2023, said China plays an incredibly important role in Intel's business strategy.

While Washington in recent years has continuously imposed semiconductor trade restrictions on China and even attempted to cut off U.S. capital flow to the Chinese high-tech sectors, U.S. chipmakers have found it both impossible and unbearable to "decouple" from the world's second largest economy. A 2021 report by the U.S. Semiconductor Industry Association clearly stated that "access to this massive (Chinese) market is essential to the success of any globally competitive chip firm today and in the future."

"China's steady economic fundamentals, coupled with the continuous improvement of its business environment, have helped bolster the confidence of foreign enterprises, including Intel, in their pursuit of growth in the country," said Bai.

A total of 42,108 new foreign-invested firms were established in China in the first nine months of 2024, up 11.4 percent year on year, according to the Ministry of Commerce.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 亚洲欧洲日产韩国在线| 成人免费黄色网址| 亚洲欧美精品伊人久久| 精品国产高清久久久久久小说 | 人妻丰满熟妇av无码区| 美团外卖chinesegayvideos| 国产网站麻豆精品视频| √天堂中文官网8在线| 极品粉嫩嫩模大尺度无码视频| 亚洲精品456| 猛男强攻变骚受| 免费一级毛片清高播放| 高清一区二区在线观看| 国产精品一区二区资源| 91在线亚洲综合在线| 新版天堂资源在线官网8| 久久这里只有精品18| 特黄特色大片免费| 国产免费观看a大片的网站| 91手机看片国产福利精品| 天海翼一区二区三区四区| 三级黄在线播放| 我要看WWW免费看插插视频| 久久久久亚洲AV无码专区桃色| 欧美重口另类在线播放二区| 国产h肉在线视频免费观看| 韩国色三级伦不卡高清在线观看| 国产真**女人特级毛片| 手机在线看片你懂得| 国产精品天干天干| 22222色男人的天堂| 好男人www社区| 久久婷婷人人澡人人喊人人爽| 欧美高清视频一区| 亚洲综合伊人久久大杳蕉| 男人j桶进女人p无遮挡在线观看| 国产三级a三级三级野外| 香蕉一区二区三区观| 国产精品蜜芽tv在线观看| 91福利国产在线观看网站| 国产高潮视频在线观看|