- Mar 13, 2006
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Hey Mister, got $5B you can spare?
Article didn't mention it, it's Fab 42.
Intel Corp. used President Obama's visit to unveil plans to build a $5 billion chip factory in Arizona and hire 4,000 additional workers, moves that dovetail with the administration's job-creation agenda.
The announcement, made by Intel Chief Executive Paul Otellini as the president toured Intel's operations in Oregon, is the latest in a series of steps by the Silicon Valley giant to boost manufacturing capacity and shrink transistors to boost chip performance. Earlier Friday, the White House said Mr. Otellini will join the President's Council on Jobs and Competitiveness.
Intel had previously signaled a new factory was needed. In mid-January, following the release of its fourth-quarter earnings, the company boosted its capital spending forecast for 2011 to $9 billion from $5.2 billion in 2010.
The company said its future factory, in Chandler, Ariz., will be the most-advanced high-volume semiconductor manufacturing facility in the world, and will result in thousands of construction and permanent manufacturing jobs in Arizona. The city is already home to one of the company's production sites, though Intel also has high-volume manufacturing in Oregon, New Mexico, Ireland, Israel and China.
"This new factory will play a central role in extending Intel's unquestioned leadership in semiconductor manufacturing," Mr. Otellini said. "The transistors and chips it will produce will be the most dynamic platform for innovation that our company has ever created."
Previously, Intel announced plans to spend $6 billion to $8 billion over several years to upgrade several existing U.S. factories and build a new development facility in Oregon. These activities, announced in October, are expected to lead to 6,000 to 8,000 U.S. construction jobs during the building phase and eventually add up to 1,000 high-skilled, high-wage manufacturing jobs, Intel said.
Article didn't mention it, it's Fab 42.
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