Intel Corporation President and CEO Paul Otellini announced this week during a visit by President Barack Obama at an Intel facility in Oregon that the company will be investing more than $5 billion to build a new facility at its site in Chandler, Arizona. Construction on the new factory, dubbed Fab 42, is expected to begin later this year and is earmarked for completion in 2013, creating thousands of construction and permanent manufacturing jobs within the company. Otellini also said that the company has plans to spend $6-$8 billion over the coming years to upgrade several existing facilities in in the U.S. and build a new development plant in Hillsboro according to a CoStar report.
"The investment positions our manufacturing network for future growth," said Brian Krzanich, senior vice president and general manager, Manufacturing and Supply Chain for Intel. "This fab will begin operations on a process that will allow us to create transistors with a minimum feature size of 14 nanometers. For Intel, manufacturing serves as the underpinning for our business and allows us to provide customers and consumers with leading-edge products in high volume. The unmatched scope and scale of our investments in manufacturing help Intel maintain industry leadership and drives innovation."
For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment