It is no secret that China has edged out Russia as the second world superpower, and is the second largest consumer market besides the United States.
Intel has recognized this, and is expanding its $1B investment to date in China by adding a new 65 nM plant in an unspecified China location. This is the first manufacturing facility of its kind to be added to an Asian country by Intel, although the chip giant currently has major test and assembly plants in Shanghai and the interior city of Chengdu.
The source of this news did not disclose a dollar amount, but said it was in the billions.
This event is significant, as it shows recognition of China as a technological center, and not just a low cost producer of goods and services. The success of ZTE, Huawei, and UT Starcom are a few more indicators of China's growing importance in the technical sector.
If one of your New Year's Resolutions was to learn a new language, I suggest it be Mandarin!
