Intel Is Shutting Down A Plant In Massachusetts And Laying Off 700 People
The factory was originally built by a company called Digital Equipment Corp, which has long since closed its doors. It was acquired by Intel in 1998. Intel said that this factory uses equipment that is more than a decade old and both the factory and the location can't be revamped to meet its current needs, reports Bray.
Intel is currently spending billions to build new factories elsewhere, including a $5 billion factory in Chandler, Ariz., and a massive expansion to a factory in Hillsboro, Ore., which some say will cost $3 billion or more.
Intel will still be a major employer in Hudson. It has an R&D center there that employees 850 people.
We reached out to Intel for comment; we'll update this post if we hear back.