Intel to build $2.5 billion semiconductor plant in China

“China has approved plans by Intel, the US semiconductor company, to build a $2.5bn advanced chip fabrication plant in the north-eastern city of Dalian. The planned plant would be a breakthrough for China’s efforts to build a strong semiconductor sector, but is likely to fuel concerns in the US about the transfer of strategic manufacturing technology to a potential economic and military rival. Intel, which makes most of its chips in the US with manufacturing outposts in Ireland and Israel, has repeatedly declined to comment on its plans for the plant in Dalian.”