Intel to start construction of two new Arizona plants

Posted on Tuesday, Sep 21 2021 @ 17:21 CEST by Thomas De Maesschalck
Intel logo
Intel sends out word that it will hold a groundbreaking ceremony for its two new Chandler, Arizona-based factories on September 24. The event will be livestreamed via the firm's Newsroom website. Located at Intel's existing Ocotillo campus, the new plants entail a $20 billion investment. Intel completed construction of Fab 42 on the Ocotillo campus in March 2021. Fab 42 makes chips using the 10nm process.
With its IDM 2.0 strategy, Intel is committed to investing in manufacturing capacity to support the surging global demand for semiconductors. The company recently announced plans to build two new leading-edge chip fabs at its Ocotillo campus in Chandler, Ariz. The new factories will support expanding requirements of Intel’s products and provide committed capacity for foundry customers.

On Friday, Sept. 24, Intel CEO Pat Gelsinger will be joined by government and community leaders for a groundbreaking ceremony to celebrate the largest private-sector investment in Arizona history: a $20 billion project that will bolster U.S. semiconductor leadership and help bring geographical balance to the global supply chain.

When: 9 a.m. PDT,?Friday, Sept.?24.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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