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Intel to spend $20 billion to build two new chip factories in Arizona

US-TECHNOLOGY-INTEL
Posted at 3:23 PM, Mar 23, 2021
and last updated 2021-03-23 21:52:17-04

PHOENIX — Intel announced Wednesday a $20 billion investment to build two new semiconductor fabrication facilities at its Ocotillo Campus in Chandler which will produce advanced semiconductor chips used in modern electronics.

Officials say the expansion will create 3,000 new high-tech, high-wage jobs and 3,000 construction jobs while supporting an estimated 15,000 additional indirect jobs in Arizona

“Today’s announcement means jobs, jobs, and more jobs for the state of Arizona,” said Governor Doug Ducey. “It also proves once again that Arizona is at the cutting-edge of advanced chipmaking and manufacturing."

Intel’s operations in Arizona go back more than 40 years. The company operates four other facilities in Arizona, including Fab 42, the company’s largest chipmaking factory in the United States.

Officials say since 2015, Intel has given more than $35 million to support Arizona schools and nonprofits.

With a global shortage of semiconductor chips, Arizona is now set to grow its technology and advanced manufacturing footprint.

Arizona is already a top-five state for semiconductor production, with multiple industry leaders choosing the state to start, expand or relocate operations.

Officials say the expansion is expected to be up and running in 2024.