Intel to invest up to $8 billion in next-generation manufacturing in the U.S.

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Intel to invest up to $8 billion in next-generation manufacturing in the U.S.

2010-10-20 04:10:56 GMT+7 (ICT)

SANTA CLARA, CALIFORNIA (BNO NEWS) -- Intel Corporation on Tuesday announced that it will invest 6 to 8 billion USD in manufacturing to support future technology advancements in Arizona and Oregon.

The multi-billion-dollar investment will create around 6,000 to 8,000 construction jobs and 800 to 1,000 permanent high-tech jobs in the states. It will also fund the deployment of Intel's next-generation 22-nanometer (nm) manufacturing process across several existing U.S. plants.

"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," said Intel President and CEO Paul Otellini.

Intel also plans the construction of a new development fabrication plant (commonly known as fab) in Oregon that will be called D1X. In addition, Intel will upgrade four existing fabs to manufacture the next-generation 22-nanometer process technology, the Fab 12 and Fab 32 in Arizona and the D1C and D1D in Oregon.

Intel currently manufactures approximately 10 billion transistors per second. Its factories produce the most advanced computer technology in the world and these investments will allow more innovation.

Intel intends to remain investing in the United States as it manufactures three-fourths of its microprocessors on American soil. However, Intel generates approximately three-fourths of its revenues overseas.

In February 2009, the company announced a U.S. investment to support state-of-the-art upgrades to its manufacturing process which resulted in 32nm process technology that has produced computer chips currently used in computers, servers and mobile devices worldwide.

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