Intel to invest additional P1.4B in RP

Intel Technology Phils. (ITP) Inc., a subsidiary of US-based Intel Corp., is investing P1.412 billion on a new assembly and test project in the country.

Earlier, Intel president and chief executive officer Craig Barret said the world’s biggest chip maker will expand its research and development facilities in the country to become the first test and manufacturing site for the company’s newest technology.

The new investment is intended for assembly and testing of Flip Chip Array 2 (FCPGA2) and Flip Chip Ball Grid Array 2 (FCBGA2) at Intel’s plant in Gateway Business Park Special Economic Zone.

The output of Intel Philippines’ new project is intended for export to Intel and its affiliates.

Intel has earmarked $11.5 billion for capital expenditures this year, allowing it to develop and introduce new products. Of this, $7.5 billion is earmarked for worldwide expansion.

The country has a share of around $1 billion of that total, but most has been devoted to manufacturing.

In its six-year operations in the country, Intel’s local subsidiary has registered exports amounting to $39.39 million with a net foreign exchange earnings of $3.58 million.

Intel Philippines’ registered activities with the PEZA is the assembly and test of microprocessor integrated circuits, specifically called Pentium, manufacture/assembly of single edge contact catridge, assembly and test of chip sets ICs for microprocessor, assembly and test of C4/OLGA, c4/OLGA with interposer I, testing of sentinal and testing and testing of flash semiconductor devices.