Intel announced Multi-billion-dollar Investment in US manufacturing plants

By on Oct 20, 2010 in Business, Finance, United States, World Comments

Intel Corporation announced on Tuesday a multi-billion-dollar investment in US manufacturing plants.

According to Intel on their website pressroom, the company will invest between $6 billion and $8 billion on future generations of manufacturing technology in its American manufacturing plants.

The projects was said to support 6,000 to 8,000 construction jobs, which will result in 800 to 1,000 new permanent high-tech jobs, Intel said.

The investment will fund a new development fabrication plant (or fab) in Oregon (to be called DIX), is scheduled for Research and Development (R&D) startup in 2013.

There is a plan to upgrade four existing fabs to manufacture the next-generation 22-nanometer (nm) process technology, two in Arizona (Fab 12 and 32) and in Oregon (D1C and D1D).

In addition, the new investment commitment will also allow Intel to maintain its current manufacturing employment base at these sites.

“Today’s announcement reflects the next tranche of the continued advancement of Moore‘s Law and a further commitment to invest in the future of Intel and America,” said Intel President and CEO Paul Otellini.

“The most immediate impact of our multi-billion-dollar investment will be the thousands of jobs associated with building a new fab and upgrading four others, and the high-wage, high-tech manufacturing jobs that follow.” Mr. Otellini added.

While Intel is reportedly generating about three-fourths of its revenues overseas, it maintains three-fourths of its microprocessor manufacturing in the United States.

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