Intel launches $1.6b upgrade at Chengdu chip factory

Intel Corp is investing up to $1.6 billion over the next 15 years to upgrade its chip factory in Chengdu, Sichuan province.

The US company said the plan includes introducing its latest advanced test technology to the site, along with other upgraded services including die preparation and assembly operations - all technologies used to build integrated circuits, or microchips.

"The strategic intent is a significant step and an important corporate deployment to enhance Intel's business strategies in all computing and communications segments, particularly mobility business in the tablet, smartphone, Internet of Things, and wearable segments," the company said in a statement.