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The Boston Globe

Business

Intel will close Mass. plant, cut 700 jobs

The world’s leading maker of computer chips is closing its only factory in Massachusetts, eliminating up to 700 high-paying manufacturing jobs in one of the largest job cuts to hit the state in recent years.

Intel Corp. said on Thursday that its plant in Hudson is using outdated technology to make older generations of computer chips used in low-end applications, which do not generate as much profit as its higher-end microprocessors that are used in PCs.

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