Why did Intel leave the Philippines?
MANILA, Philippines (AP) — Intel Corp. said Friday 1,800 workers at its plant in the Philippines will lose their jobs when it closes this year as a part of global cost-cutting efforts amid waning personal computer demand.
What is the history of Intel?
Intel was founded in Mountain View, California, in 1968 by Gordon E. Moore (known for “Moore’s law”), a chemist, and Robert Noyce, a physicist and co-inventor of the integrated circuit. Arthur Rock (investor and venture capitalist) helped them find investors, while Max Palevsky was on the board from an early stage.
When did Intel Corporation start?
July 18, 1968, Mountain View, CA
Intel/Founded
Who is the founder of Intel Corporation?
Gordon Moore
Robert Noyce
Intel/Founders
Robert Noyce and Gordon Moore founded Intel to create a company that would reflect their belief in continuous innovation.
When did Intel leave Philippines?
2010
Rumors have been circulating since 2005 that Intel had already made a decision to pack up and leave the Philippines after the year 2010. The writing on the wall became clearer in 2006 when Intel inaugurated a US$605 million test and assembly plant in Ho Chin Minh City in Vietnam.
When did Intel set up in the Philippines?
Intel was the first American semiconductor company to set up shop in the Philippines in 1974, and to date, the company has poured some US$1.5 billion worth on investment in the country. Intel chose the Philippines as the base of its second Asian offshore assembly operations center, after Malaysia.
How many years has Intel been in business?
For nearly 40 years, Intel Corporation has been at the forefront of silicon innovation. Today it is the world leader in developing technologies, products, and initiatives to continually advance how people work and live.
How did the company Intel get its name?
The company was incorporated on July 18, 1968, as N M Electronics (the letters standing for Noyce Moore), but quickly changed its name to Intel, formed from the first syllables of ‘integrated electronics.’ Intel gathered another $2 million in capital before going public in 1971.
Who was the third employee of Intel Corporation?
Just 2 years later, Intel became a public company via an initial public offering (IPO), raising $6.8 million ($23.50 per share). Intel’s third employee was Andy Grove, a chemical engineer, who later ran the company through much of the 1980s and the high-growth 1990s.