Intel Integrated Circuit Hainan began operation on April 8. It is Intel's only wholly-owned subsidiary in the Hainan Free Trade Port.
The unit offers Chinese clients cross-border software and hardware services, including distribution and settlement, software design and licensing, system integration, talent training, and equity investment.
The Hainan government believes that Intel settling in the province will attract more industry leaders to its zero tariff free trade port, and will also promote the port's industrial integration and development.
In recent years, the Sanya Central Business District has vigorously developed its tourism, modern service industries, and high-tech industries in order to promote economic transformation and upgrading, as well as high-quality development. This has attracted many high-tech enterprises with international influence and Fortune 500 investors to settle here.
Intel is the world's largest semiconductor chip manufacturer, and also one of the top 50 companies in the Fortune 500. Intel entered China in 1985 and was one of the earliest multinational companies to enter the country. It is now one of the largest foreign investment enterprises in China, with an investment scale of $13 billion and over 12,000 employees.
In 2022, Intel China accounted for 27 percent of the company's total revenue, as China became the company's largest regional market outside of the United States for investment and comprehensive organizational structure.
