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Intel To Spend $20B At Chandler, Arizona Plant Expansion

By John F. Heerdink, Jr.

As per reports, Intel Corporation (INTC) is set to expand its semiconductor manufacturing capacity, beginning with plans for two new factories or “fabs” at the company’s Ocotillo campus in Chandler, AZ. Intel CEO Pat Gelsinger announced the news during Intel’s global “Intel Unleashed: Engineering the Future” webcast. He further announced the evolution of Intel’s integrated device manufacturing (IDM) model strategy known as IDM 2.0.

“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. We are excited to continue our long tradition of innovating and investing in Arizona.” stated Dr. Randhir Thakur, president of Intel Foundry Services.

The new fabs will assist the increasing requirements of Intel’s current products and customers, as well as assist with committed capacity for foundry customers. This new build-out is an investment of $20 billion approximately, which hopes to create over 3,000 permanent high-wage, high-tech jobs, over 3,000 construction jobs, and 15,000 local long-term jobs approximately.

Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible while designing, manufacturing, and selling integrated digital technology globally. To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Intel Announces Major Expansion in Arizona in Business Wire)


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