Intel Announces Major Expansion in Arizona
March 23 2021 - 8:41PM
Business Wire
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.
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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)
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.
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Krystal Heaton 480-552-1760 krystal.heaton@intel.com
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