Friday, February 18, 2011

Intel To Spend $5B On Arizona ‘Fab 42′ Factory

Intel (INTC) CEO Paul Otellini, speaking on the occasion of President Obama’s visit today to the chip maker’s Hillsboro, Oregon manufacturing facility, said that Intel will spend $5 billion to build a new fab at the company’s existing facility in Chandler, Arizona.

The new “Fab 42,” as it’s to be known, will be “the most advanced high-volume semiconductor manufacturing facility in the world,” the company said. Intel said the factory will provide for thousands of construction jobs in Arizona and thousands of permanent jobs in the state.

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