China is a growing market, and where the market is, that's where the money is going, said Yang Xu, Intel's global vice president, adding Intel will continue to invest in China because choosing China is choosing to accelerate growth.ย
Yang Xu published an op-ed today on how Intel China is responding and positioning itself in an uncertain future.
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He said that the industry needs to have a strong belief that while facing crisis situations, one has to figure out where the trend is. Intel has been rooted in China for 35 years and believes that complementary cooperation is the best way to overcome the difficulties.
In the article, Yang Xu recalled that in 2008, during the global financial crisis, Intel continued to invest in its Dalian factory, even without changing its hiring plans, despite the general contraction.
Yang Xu emphasizes that decoupling is a real risk for the US and China. But compared to companies in the industrial chain that are indecisive about moving their production lines out of China, Intel has no "retreat" in its dictionary.
He believes that China's development in the past few decades has opened up a huge market consumption scale and created a complete industrial chain. The Chinese government vigorously support innovation, industrial innovation speed is unparalleled, he said.ย
China's advantages cannot be copied by other countries in a short period of time, not in any other part of the world, he said, adding that to be in the same boat with China is to go with the tide and to develop synergistically.
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