HUDSON, Mass. (AP) -- Computer chip maker Intel Corp. has announced that it's closing its only manufacturing facility in Massachusetts, a move expected to cost the state about 700 jobs.
Intel, the world's biggest chip maker, announced Thursday that it is closing the Hudson plant because it is using outdated technology to make older generation computer chips that are being phased out.
A company spokesman says the plant will close by the end of next year.
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.
Intel will continue to employ about 850 workers at its separate microprocessor and technical design facility at the site.
State officials promised to help displaced workers.