Intel shuttering Massachusetts plant, laying off 700 workers

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (INTC) is closing a Hudson, MA plant that has 700 workers by the end of 2014. Spokesman Chuck Malloy tells the Boston Globe the plant will be run near capacity until it's closed to fill existing orders. and to build inventories of chips that Intel will no longer make following the closing.

The paper adds the plant uses equipment that's "more than a decade old,"  and doesn't make any of Intel's Core, Xeon, or Atom CPUs. The layoffs affect less than 1% of Intel's 105K-strong workforce.