Intel Announces Major Expansion in Arizona

CHANDLER, Ariz. — (BUSINESS WIRE) — March 23, 2021 — Intel CEO Pat Gelsinger today announced expansion of the company’s semiconductor manufacturing capacity, beginning with plans for two new factories (or “fabs”) at the company’s Ocotillo campus in Chandler.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210323006103/en/

From left: Dr. Randhir Thakur, president of Intel Foundry Services, Arizona Gov. Doug Ducey, and Keyvan Esfarjani, Intel senior vice president in Manufacturing & Operations, celebrate Intel’s $20 billion investment for two new factories on the company’s Ocotillo campus in Chandler, Arizona. On March 23, 2021, the company announced the investment and said it expects to begin planning and construction activities this year. (Credit: Intel Corporation)

From left: Dr. Randhir Thakur, president of Intel Foundry Services, Arizona Gov. Doug Ducey, and Keyvan Esfarjani, Intel senior vice president in Manufacturing & Operations, celebrate Intel’s $20 billion investment for two new factories on the company’s Ocotillo campus in Chandler, Arizona. On March 23, 2021, the company announced the investment and said it expects to begin planning and construction activities this year. (Credit: Intel Corporation)

More News and Resources: Engineering the Future (Press Kit)

Gelsinger announced the new fabs during Intel’s global “Intel Unleashed: Engineering the Future” webcast. During the event, he announced the evolution of Intel’s integrated device manufacturing (IDM) model strategy – called IDM 2.0. The fabs will support the increasing requirements of Intel’s current products and customers, as well as provide committed capacity for foundry customers.

On Tuesday afternoon, Arizona Gov. Doug Ducey participated with Intel executives – including Dr. Randhir Thakur, president of Intel Foundry Services, and Keyvan Esfarjani, Intel senior vice president in Manufacturing & Operations – in an event at the company’s Ocotillo campus in Chandler. U.S. Secretary of Commerce Gina Raimondo participated in the event virtually.

“We are grateful for our partnerships with the State of Arizona and the Biden administration for creating a business environment that encourages investment in semiconductor innovation and helps make this new expansion possible,” said Thakur. “We are excited to continue our long tradition of innovating and investing in Arizona.”

This build-out represents an investment of approximately $20 billion, which is expected to create over 3,000 permanent high-wage, high-tech jobs; over 3,000 construction jobs; and approximately 15,000 local long-term jobs. Planning and construction activities are expected to begin immediately.

About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.

Forward-Looking Statements

Statements in this press release that refer to future plans and expectations, including with respect to manufacturing and investment plans including Intel’s planned Arizona expansion, and Intel Foundry Services, are forward-looking statements that involve a number of risks and uncertainties. Statements that refer to or are based on estimates, forecasts, projections, uncertain events or assumptions also identify forward-looking statements. Such statements are based on management’s current expectations and involve many risks and uncertainties. Important factors that could cause actual results to differ materially are set forth in Intel’s press releases dated March 23, 2021 and its SEC filings, which are available at www.intc.com. Intel does not undertake, and expressly disclaims any duty, to update any statement made in this article, whether as a result of new information, new developments or otherwise, except to the extent that disclosure may be required by law.

© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.



Contact:

Krystal Heaton
480-552-1760
krystal.heaton@intel.com




Review Article Be the first to review this article
Aldec


Featured Video
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
What’s on Tap from the ESD Alliance? Plenty! Read On …
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Automating IP and SoC Development
Jobs
SerDes Applications Design Engineer for Xilinx at San Jose, California
Business Operations Planner for Global Foundaries at Santa Clara, California
Circuit Design & Layout Simulation Engineer - Co-Op (Spring 2021) for Global Foundaries at Santa Clara, California
Senior HID Sensor Algorithm Architect for Apple Inc at Cupertino, California
Principle Engineer (Analog-Mixed-Signal Implementation) for Global Foundaries at Santa Clara, California
SoC Physical Design Engineer for Qualcomm at Austin, Texas
Upcoming Events
SEMI MEMS & Sensors Industry Group (MSIG), MSTC 2021 at United States - Apr 13 - 15, 2021
Simulation World at United States - Apr 20 - 21, 2021
DVCon China 2021 at Shanghai China - May 26, 2021
CadenceLIVE Americas 2021 at United States - Jun 8 - 9, 2021
Verific: SystemVerilog & VHDL Parsers



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise