The chip maker Intel, plans to close five factories worldwide this year including hillsboro's Fab 20 which opened 12 years ago eliminating 1000 jobs.
"The effect of the economic downturn on our business has been much more severe than we anticipated even a few months ago," said Intel Oregon spokesman Bill MacKenzie.
Intel said that it will hold Fab 20 in "reserve" for possible retrofitting and reopening sometime in the future.
what I think is kind of interesting is this headline from the June 16, 1999 archives…
Intel bows to growth concerns in Oregon {CNET news}
"But at least one community, Washington County, Oregon, wants to control the development and traffic big businesses can bring while supporting the benefits Silicon Valley transplants can provide...Tonight the Washington County Board of Commissioners unanimously approved a $200 million tax-break package for Intel. The chipmaker, in return, has agreed to pay a fine of $1,000 for every manufacturing worker it brings in over a cap of 5,000."
Oregon is just getting weird, and now, it's time to pay the piper for its stupidity.
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