Intel to close down Philippine plant

MANILA, Philippines — Intel Corp., one of the biggest foreign operations in the Philippines, has told employees that it will close down its over 20-year-old testing and assembly plant outside Manila, sources in the company said.

The announcement was made via email around 10 a.m. Wednesday, the sources said. It gave no date for the closure. Officials of the US-based chipmaker and its local public relations agency told they were not ready to give an official statement at the time of this writing.

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