Intel has recently announced that it will be shutting down its manufacturing plants in some of its sites around the world due to the weakened demand amid the on-going financial crisis. Intel had experienced decline in the fourth- quarter revenue. The two manufacturing plants that will be affected are assembly and testing sites in Penang, Malaysia and in General Trias, Cavite in the Philippines. Presently, Intel has six assembly and testing sites across the globe and is building its seventh plant.
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Intel further stated that it will consolidate and streamline its older capacity to continue developing, new leading edge 45-nanometer and 32-nanometer capacity. This action of Intel to close down some of its operation will affect 5,000 to 6,000 employees worldwide.

In the Philippines, Intel assembly test is employing some 1,800 workers. Meanwhile, Numonyx, a sister company of Intel will absorb some of the workers; other displaced workers will be given significant severance package.

Intel will also cease its operation on February 20 this year in its wafer fabrication plant in Hillsboro, Oregon and as well as its Santa Clara plant in California.