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he once most largest Semiconductor Company in the Philippines for over 30 years, INTEL Philippines Inc., is now closing down its Assembly and Test Operations.

There are about 6000 employees will be affected in the closure around the world and 2000 of them are employees from General Trias in Cavite, Philippines. There’s no clear timeline indicated in the closure, but definitely the company will stop it’s operations before the year ends.

The US-based chipmaker is operating in the Philippines for 35 years. The manufacturing facility was first built in Makati City in 1974, then transferred in Cavite. Intel is also reportedly shutting down due to weakened demand brought about by the current global economic downturn.

Economic crisis is not in the Philippines alone. Other countries even in America and even Obama’s proclamation as the new President isn’t in exemption.

Intel Corporation is the world’s largest semiconductor company and the inventor of the x86 series of microprocessors, the processors found in most personal computers.

Latest news in Singapore, however, Amkor Technology Singapore Pte, is also shutting down its operations by the end of this year because of very low production loading and its facility is not anymore contributing financial revenue to the whole company.