SANTA CLARA, Calif. —

Intel says it is cutting 5,000 to 6,000 jobs as part of a restructuring of its global manufacturing operations.

The world's largest chip maker said Wednesday it is closing two assembly test facilities in Penang, Malaysia and one in Cavite, Philippines and will halt production at a plant in Hillsboro, Ore. It will also end wafer production at a facility in Santa Clara, Calif.

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For the Portland area, news sources are saying it's approximately 1,000 layoffs in an already bad economy.