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Intel will sell 150-acre campus in California, assessing future of 50-acre Hillsboro site
The chipmaker is reducing its real estate holdings around the world as it works to cut $10 billion in spending.
Intel plans to sell its 150-acre campus in Folsom, California, part of a broad effort to cut costs amid flagging sales. “We are shifting our global real estate strategy to focus on fewer, more populated locations and eliminate underutilized space,” Intel said in a statement Friday. It lost its technological lead in computer chip production to Taiwan Semiconductor Manufacturing Co., and the market for Intel’s microprocessors in PCs and data centers has waned.
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