Intel announces billion-dollar investment in US facilities

Summary:The chipmaker has said it will invest up to $8bn in new manufacturing technology for its US facilities, creating up to 1,000 tech jobs and builing a new fabrication plant in Oregon

Intel announced on Tuesday that it is investing in next-generation manufacturing technology for its US facilities.

The move will support up to 1,000 new high-tech jobs and create 6,000-8,000 construction jobs for a new development fabrication plant in Oregon that will support the deployment of 22nm technology. The investment will be between $6bn and $8bn, the company said.

In a statement, Intel president and chief executive Paul Otellini said: "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. 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."

The new Oregon facility is scheduled for research and development start-up in 2013 and the company is planning upgrades at four existing factories in Arizona and Oregon.

For more on this ZDNet UK-selected story, see Intel investing billions in U.S. manufacturing, creating thousands of jobs on ZDNet.com.

Topics: Networking

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.