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Intel to stop 13nm flash production in New Mexico

Posted: 04 May 2007 ?? ?Print Version ?Bookmark and Share

Keywords:13nm flash memory? mobile phone memory unit? flash memory facility?

Intending to scale back production on older technologies, Intel Corp. said it will stop flash memory production in New Mexico and may cut more than 1,000 jobs, reports Bloomberg report.

Intel spokesman Chuck Mulloy said the company will cease manufacturing 13nm flash memory parts at the Rio Rancho site, which employs 1,500 people, in August. He said that the final number of job cuts hasn't been made and will depend on whether part of the facility will be used in the company's development of a new plant on the site.

Andy Bryant, Intel chief financial officer said the company achieved its goal of reducing 10 percent of overall workforce to 92,000 in Q1, three months ahead of schedule.

The move to phase out older production units is part of Intel's plan to turn around its mobile phone memory unit with had lost $285 million in Q1.

Last February, Intel announced it will invest $1-to-$1.5 billion in the Rio Rancho site to retool Fab 11X for production on its 45nm manufacturing process. Fab 11X began production in October 2002 and was Intel's first 300mm, high-volume manufacturing facility. It was also the company's first fully automated, high volume factory producing 300mm wafers.

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