Intel to sell off 4,000 jobs, including 3,600 in Seattle

The chipmaker is considering selling its Seattle-area chipmaker facilities to a private equity firm, an executive briefed on the matter said.

The decision to sell those businesses comes amid a wave of job losses in the Seattle-based tech industry and the possibility of a potential court ruling, the executive said.

Intel is also considering closing or moving its existing headquarters in San Francisco and moving its technology to China, the person said.

Intel has said it expects to create about 3,500 jobs at its Seattle and Fremont facilities as part of its planned restructuring and to expand the number of technology employees it employs in the region.

The Seattle company, which manufactures chips for Intel processors and graphics, has more than 1,000 employees and employs more than 400 people in Fremont.

The company announced in May that it would be closing its Fremont facility and is looking for a buyer.

Intel CEO Brian Krzanich said in a June 23 interview that the Seattle region would continue to be Intel’s core market and that the company is “very focused” on growing the U.S. market.

He said that Intel has made its plans for expansion public and has hired several companies to expand its business in Seattle.

Intel recently said it plans to build its first U.K.-based manufacturing facility in the northern port city of Portsmouth.

The company is also working with a group of private equity firms to buy a number of assets in the state, including a small manufacturing plant in the city of Portland.