US semiconductor giants—who have been lining up to plan mega-projects for new chip fabs in the US funded by an infusion of $52B from the federal government—are not immune to the tech sector slowdown that has spawned thousands of layoffs and reductions in office footprints.
The largest US chipmaker, Intel, is listing for sale its 25-acre San Jose office and research campus as part of a $3B cost-cutting campaign that includes layoffs.
The price for what is known as the Innovation Campus, located at 101 Innovation Drive, has not been disclosed, according to a report in the Silicon Valley Business Journal. According to public records, the value of the property is $193M.
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