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US semiconductor big Intel Corp was poised to broaden its operations in China by taking up the deserted three way partnership manufacturing unit of GlobalFoundries within the southwestern metropolis of Chengdu, however that plan has been shelved, in keeping with two folks accustomed to the matter.The deal, a part of what the folks described as “secret initiatives” inside Intel, might have revived one in every of China’s main foreign-invested semiconductor initiatives, for which the Chengdu authorities rolled out the pink carpet in 2017.The…
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