Intel Corporation announced February 8 that they now have plans to invest more than $7 Billion to complete their semiconductor factory in Chandler, AZ. The factory, called Fab 24, should be finished in 3 to 4 years. Opening around 10,000 long term jobs. Here is more insight from Intel CEO Brian Krzanich.
“Intel’s business continues to grow and investment in manufacturing capacity and R&D ensures that the pace of Moore’s law continues to march on, fueling technology innovations the world loves and depends on,” said Krzanich. “This factory will help the U.S. maintain its position as the global leader in the semiconductor industry.”
“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.”
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