Intel to invest $7 billion in 32nm plants
Despite the current downturn and its recent heavy losses, Intel will be spending big for the future with three new 32nm plants.
IntelÃ¢â‚¬â„¢s Paul Otellini has today announced that the company will spend $7 billion (Ã‚Â£4.74 billion) over the next two years to build manufacturing facilities, in a heavy investment programme that the company said is its largest ever.
The move is likely to please the US government, as Intel said the move will create 7,000 Ã¢â‚¬Ëœhigh-wageÃ¢â‚¬â„¢ jobs. The facilities will be located at its existing plants in Oregon, Arizona and New Mexico and will be used to build micro-processors based on its newest 32nm manufacturing process.
Read more: itpro.co.uk