SANTA CLARA, Calif. -- In its latest setback, Intel Corp. here announced that it has "de-accelerated" its plans to build a chip design center in Austin, Texas.
The $124 million chip design center was originally supposed to be completed by the end of this year, according to a spokesman for Intel in Santa Clara, Calif.
The company will continue to build the center, but it has no idea when the project will be completed. "Intel is going to finish the construction," the spokesman said. "We are just de-accelerating the construction."
The move represent the latest in a series of setbacks and cost cutting measures implemented by the company in recent weeks. Earlier this week, Intel confirmed reports that the $2 billion 300-mm wafer Fab 24 in Leixlip, Ireland, has heen delayed another year, until the second half of 2003.
On Wednesday, the company moved to combined its separate communication chip and systems in an apparent cost cutting move. And last week, Intel announced plans to slash 5,000 jobs after reducing its forecast for the current quarter again.
