Intel Corp. said yesterday it will shutter its chip manufacturing plant in Hudson next year and lay off 700 workers.
"Fab 17" is Intel's last 200MM silicon wafer factory, and it relies on older, near-obsolete technology that the company will phase out, according to Chuck Mulloy, spokesman for the world's biggest chipmaker.
"We've concluded that that technology is no longer necessary in our manufacturing network," he said. "We plan to wrap up production at the end of 2014."
Santa Clara, Calif.-based Intel invested more than $4 billion in the former Digital Equipment Corp. plant since it acquired the 149-acre site from DEC in 1998 under a patent infringement lawsuit settlement.
It hopes to sell the plant, which will run at near-capacity until it closes.
After Intel committed to investing $800 million in the plant in 1999, the state granted it a 5 percent, 20-year investment tax credit contingent on 400 new jobs being added to the then 1,200-strong workforce.
Intel met that obligation within four years, according to Mulloy: "We did most of our hiring upfront."
The state Executive Office of Housing and Economic Development did not address Herald inquiries about the tax breaks.
"Our first priority is working closely with the company and affected employees to ensure all impacted workers have what they need to make successful transitions to new jobs here in Massachusetts," Secretary Greg Bialecki said in a statement. "While we are obviously disappointed by today's news, we know that our manufacturing industry is on the rise in Massachusetts, and will continue to play a significant role in the success of our economy."
Intel will continue to employ about 850 workers at its separate microprocessor and technical design facility on the Hudson campus.
In the next few months, 100 of the 700 plant workers will have to choose between leaving right away with a separation package, or staying for up to two months while looking for another Intel job outside of Massachusetts and continuing to be paid. If they don't find another Intel job, their separation package will include less cash.
The company will employ the remaining workers until the plant closes.
Intel, which posted sales of $53.3 billion and net income of $11 billion last year, reported its fourth consecutive quarterly revenue decline in July. A slump in the personal-computer market continues to erode its largest business.
Herald wire services contributed to this report.
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