$7billion investment by Intel
In an attempt to build advanced manufacturing facilities in the US, Intel plans to invest a sum of $7billion over the next two years.
The investment will fund deployment of Intel’s 32 nanometer manufacturing technology.
Paul Otellini, Intel’s president and ceo, said: “We're investing in America to keep Intel and our nation at the forefront of innovation. These manufacturing facilities will produce the most advanced computing technology in the world. The capabilities of our 32nm factories are truly extraordinary, and the chips they produce will become the basic building blocks of the digital world, generating economic returns far beyond our industry."
Intel's investment will be made at existing manufacturing sites in Oregon, Arizona and New Mexico and will support approximately 7000 jobs at those locations.
