Intel announces multibillion-dollar investment in next-generation manufacturing in US
[Johannesburg, 20 October 2010] -
Intel Corporation announced today that the company will invest between $6 billion and $8 billion on future generations of manufacturing technology in its American facilities.The action will fund deployment of Intel's next-generation 22-nanometer (nm) manufacturing process across several existing US factories, along with construction of a new development fabrication plant (commonly called a “fab”), in Oregon. The projects will support 6 000 to 8 000 construction jobs and result in 800 to 1 000 new permanent hi-tech jobs.“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,” said Intel President and CEO Paul Otellini. “The most immediate impact of our multibillion-dollar investment will be the thousands of jobs associated with building a new fab and upgrading four others, and the high-wage, hi-tech manufacturing jobs that follow.”
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