Intel Bets Big On China.docVIP

Intel Bets Big On China 　　Intel Corporation， the world’s largest chipmaker， is showing growing interest in investment in China， with the latest plan to splurge a massive 10 billion yuan， or$1.6 billion in the next 15 years， to upgrade its chip plant in the interior city of Chengdu and introduce its latest advanced test technology into the country. 　　The chipmaker is hoping to improve its business strategies for computing and communications market segments in China， especially those in the mobile sector， including tablets， smart phones， the Internet of Things （IoT） and wearable equipment， according to a press release from the international giant. 　　It is noteworthy that besides Intel， many other semiconductor giants， including Samsung， SK Hynix， and Texas Instruments， are also ramping up investment in the Chinese market. 　　In June 2014， in a bid to realize the leaping development of the domestic semiconductor industry， the State Council of China promulgated the Outline of National Integrated Circuit Industry Development， with a proposal to establish national industrial investment funds. 　　In the face of a more intense competition from Chinese enterprises in the huge market， those international giants are rushing to expand their presences in the country. 　　 Ramped-up investment in China 　　“The investment is a significant move for Intel to expand its assembly and test business and it is also our largest investment in Chengdu plant，” says William Holt， executive vice president and general manager of the Technology and Manufacturing Group at Intel. 　　“The upgrade in Chengdu plant will help China’s ICT industry make continuous innovation and boost regional economic development，” adds Holt. 　　According to estimates from research firm Gartner， compared with a growth of 5.7% in the whole semiconductor market， IC devices associated the IoT with will see a whopping rise of 36.2% in 2015. 　　Gartner says the IC devices featured with processing function will become