Intel Unveils Research and Development Centre in Shanghai's Waigaoqiao Free Trade Zone

Strategic Insights -

The Intel Corporation has made a significant investment in Shanghai, China, establishing a research and development centre in the Waigaoqiao Free Trade Zone. This move is a testament to Intel's commitment to investing in China and promoting new technologies. The centre, entitled Intel Technology Development (Shanghai) Ltd, was set up with an investment of US$39 million and will focus on serving Intel's worldwide business needs, with a particular emphasis on the Chinese and Asian markets.

Key Takeaways:

  • Intel has invested over US$500 million in Shanghai over the past decade, building three assembly and testing plants.
  • The new centre will develop cutting-edge technology and platforms for Intel's flash products group, assembly technology development division, user-centred platform solutions division, and assembly capital equipment development.
  • The centre will help Intel increase its global revenue, with its cellular and embedded revenue accounting for 27% of the world market last year, valued at US$11 billion.
  • Intel aims to increase the percentage to 37 in the next few years with the help of the new centre.
  • The centre will focus on developing products according to market demands, serving not only the Chinese market but worldwide.
  • Intel's revenue in China's flash memory sector last year reached US$150 million, a year-on-year increase of 42%.
  • The centre will also promote advanced cutting-edge technology to push forward the country's IT industry.
  • Intel's objective is to continually improve local technical capabilities to drive industrial and technological development.
  • China is set to become Intel's largest sales market, with the Asia-Pacific market holding strong interest for the company.

Statistics:

  • Intel has invested over US$500 million in Shanghai over the past decade.
  • The new centre was set up with an investment of US$39 million.
  • Intel's cellular and embedded revenue accounted for 27% of the world market last year, valued at US$11 billion.
  • Intel aims to increase the percentage to 37 in the next few years.
  • Intel's revenue in China's flash memory sector last year reached US$150 million.
  • The year-on-year increase in Intel's revenue in China's flash memory sector was 42%.

Sources:

  • Asia Pulse - The Intel Corporation yesterday unveiled a research and development centre in Shanghai's Waigaoqiao Free Trade Zone (no date mentioned).
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