Intel to Build $2.5B Factory in China (Update)

By JOE McDONALD, AP Business Writer

A man stands near an Intel advertisement in Beijing Monday March 26, 2007. Intel Corp. announced Monday it will build a US$2.5 billion chip factory in China, giving the U.S. company a bigger presence in the booming Chinese market and boosting Beijing's efforts to attract high-tech investment. (AP Photo/Greg Baker)

(AP) -- Intel Corp. announced Monday it will build a $2.5 billion chip factory in China, giving the U.S. company a bigger presence in the booming Chinese market and boosting Beijing's efforts to attract high-tech investment.

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