Intel To Invest $7 Billion in USA Facilities
Poster: Aron Schatz
Posted on February 10, 2009 at 1:54:25 PM
Apparently Intel isn't hurting too bad in this economy. They are seizing an opportunity by investing money while the economy is down. Smart move if you have liquid assets.
Quote
For Intel, that means a $7 billion, two-year investment in existing factories in New Mexico, Arizona, and Oregon to manufacture silicon wafers with 32nm process technology. The investment is expected to support 7,000 high-wage jobs at those factories and support thousands of contract jobs for technicians and construction workers. The investment is Intel's largest ever in a single process technology. "As a global company, we have made a conscious decision to expand these factories here because we believe that investing in the future of American discovery isn't just the right thing to do," Otellini said, "it is an essential business decision if we want the United States to continue to be the engine of new ideas and technical leadership."