Liquid cooling research at Intel's Hawthorn Farm campus in Hillsboro. Dave Killen / The Oregonian
Intel has opted not to sell its 50-acre Hawthorn Farm campus in Hillsboro, choosing to retain the property for critical engineering work after a five-month review of the site’s future.
“After a thorough assessment, we’ve decided Hawthorn Farm will remain open due to essential activities contributing to Intel’s strategy,” the chipmaker said in a note to Oregon employees. It did not specify what that essential work consists of and declined to elaborate.
Intel began reevaluating its real estate portfolio in August, when it announced plans to eliminate 15,000 jobs and cut its annual budget by $10 billion in response to falling sales. The chipmaker is coping with a sustained decline in demand for its microprocessors amid intense competition and a shift toward artificial intelligence, a market where Intel has little presence.
Intel says it will keep Oregon campus it had considered closing
The chipmaker is scaling back its real estate footprint to save money but decided its Hawthorn Farm site is "essential."
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