© intel Business | February 08, 2017

Intel to invest $7 billion in next-gen semiconductor factory

The US chipmaker is planning to invest more that USD 7 billion to complete Fab 42 in Chandler, Arizona – and with that create 10’000 jobs.
The high-volume factory is in Chandler, Arizona, and is targeted to use the 7 nanometer manufacturing process. It will produce microprocessors to power data centers and smart and connected devices worldwide. The announcement was made by US President Donald Trump and Intel CEO Brian Krzanich at the White House.

The company expects to complete Fab 42 in about three to four years and will directly create approximately 3’000 high-tech, high-wage Intel jobs for process engineers, equipment technicians, and facilities-support engineers and technicians who will work at the site.

Intel says in a press release that combined with the indirect impact on businesses that will help support the factory’s operations, Fab 42 is expected to create more than 10’000 total long-term jobs in Arizona.

“Intel’s business continues to grow and investment in manufacturing capacity and R&D ensures that the pace of Moore’s law continues to march on, fueling technology innovations the world loves and depends on,” Krzanich said. “This factory will help the U.S. maintain its position as the global leader in the semiconductor industry.”

In an email send to the company’s employees, Krzanich outlined the context for the investment and pointed out that the company has maintained US-based manufacturing even though approximately 80% of its product is sold outside of the country.


Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Load more news
August 13 2017 4:10 PM V8.5.9-1