Intel: new infrastructure to speed up China’s industrial upgrade

China's emphasis on new infrastructure will better drive the nation's economic restructuring push, a senior executive from Intel Corp said, as the US chip giant works to maintain production in its local factories despite the COVID 19 pandemic.

Yang Xu, president of Intel China, said the company's chip plants in Dalian, Liaoning province, and Chengdu, Sichuan province, have been working non-stop amid the outbreak.

"We have shared China's anti-epidemic experience with global manufacturing system, including with plants in Malaysia and Ireland. Because of a global layout, we can guarantee more than 90 percent of Intel's product shipment rate," Yang added.

According to him, Intel can adjust its global production capacity in accordance with the spread of the epidemic, and manage its global supply chain to avoid risks. As a result, there is no need to worry about the production capacity and supply issues.

Earlier this month, the US tech heavyweight said it was pledging an additional $50 million in a pandemic response technology initiative to combat the coronavirus through accelerating access to technology at the point of patient care, speeding scientific research and ensuring access to online learning for students.

The senior executive added that China's emphasis on new infrastructure including 5G, artificial intelligence, and data centers will help the nation better upgrade its industries from large-scale manufacturing to value-added services.

Yang said, in addition to technological innovation and application innovation, industrial cooperation and industrial synergy are needed to better build the new infrastructure.