Intel Plans $7B
Next-Gen Semiconductor Factory in Arizona
plans to invest more than $7 billion to complete Fab 42, which is
expected to be the most advanced semiconductor factory in the world. The
high-volume factory is in Chandler, Ariz., and is targeted to use the 7
nanometer (nm) manufacturing process. It will produce microprocessors to
power data centers and hundreds of millions of smart and connected
devices worldwide. The announcement was made by U.S. President Donald
Trump and Intel CEO Brian Krzanich at the White House.
Context for the investment was outlined in an
e-mail from Intel’s CEO to employees.
“Intel is a global manufacturing and technology company, yet we think of ourselves as a leading American innovation enterprise,” Krzanich added. “America has a unique combination of talent, a vibrant business environment and access to global markets, which has enabled U.S. companies like Intel to foster economic growth and innovation. Our factories support jobs — high-wage, high-tech manufacturing jobs that are the economic engines of the states where they are located.”
On completion, Fab 42 in Chandler, Ariz., is expected to be the most advanced semiconductor factory in the world
Intel is America’s
largest high-technology capital expenditure investor ($5.1 billion in
the U.S. 2015) and its third largest investor in global R&D ($12.1
billion in 20151). The majority of Intel’s manufacturing and R&D is in
the United States. As a result, Intel employs more than 50,000 people in
the United States, while directly supporting almost half a million other
U.S. jobs across a range of industries, including semiconductor tooling,
software, logistics, channels, OEMs and other manufacturers that
incorporate our products into theirs.