Intel said on Wednesday it would close factories in Malaysia and the Philippines and scale back US operations as part of a restructuring that affects as many as 6000 employees.

The announcement comes a day after the world’s largest maker of microprocessors used in personal computers slashed prices on several of its processors, and a week after it reported a decline in fourth-quarter revenue amid slower global demand.

Intel said it would close two assembly test centres in Penang, Malaysia, and one in Cavite, Philippines. It will halt production at a wafer factory in Hillsboro, Oregon, and stop some operations at a factory in Santa Clara, California.