CHINA

Intel to Build Chip Factory in Shanghai: The microprocessor factory will be the third plant in Asia for the world’s largest maker of computer chips. The Santa Clara, Calif.-based company was granted land-use rights by the city but did not say how much the plant would cost. Construction is to begin in the fourth quarter of this year and will take two years, Intel Corp. said. The factory, which will employ about 900 people, will assemble and test semiconductors. Intel already has assembly and testing plants in Manila and Penang, Malaysia.