Saturday, December 2, 2023

Intel will Invest 20$ Billion for making 2 new Chip Plants in Arizona USA

Chipmaker Intel has announced that it is investing US $ 20 billion in two new chip plants in the US and is transferring additional chips to third-party foundries. Pat Gelsinger, Intel’s new CEO, also introduced a new office for a company called Intel Foundry Services to become a major provider of casting capacity in the US and Europe and serve customers worldwide.

IDM 2.0 is an elegant strategy only Intel can deliver – and a formula for success. We will use it to design the best product. We make it the best we can for each category in which we compete,” he said in a statement. Tuesday.

Two new factories (or factories) will be built in Arizona on the Ocotillo campus.

These factories will support the growing demand from current Intel products and customers and provide dedicated capacity for foundry customers.

The Intel CEO anticipates that Intel’s commitment to third-party foundry will increase. This including the production of a number of advanced modular process tiles, including products that support Intel’s computing offerings for customers and central hubs. Data from 2023.

Intel dominated chip manufacturing for decades. But recently hampered by delays in developing a next-generation chip manufacturing process already used by major Taiwanese supplier TSMC.

Since Apple released its breakthrough iPhone more than a decade ago. Apple has struggled to adapt to the switch from PC to mobile. Although the company continues to make a fortune, its heyday in the computer age long go.

Intel Chip Plants Jobs

The new factories are expected to create more than 3,000 high-paying permanent jobs, more than 3,000 construction jobs and around 15,000 long-term local jobs.

The Intel took another hit last year when Apple, also based in California. Intel announced that it relies on its own chips to power its Macs, not Intel.

The Intel has a history of announcements that don’t show up right away. A decade ago, the company announced plans to build a new multi-billion dollar plant in Chandler. While President Barack Obama visited Intel’s Hillsboro, Oregon facility.

The facility, known as the Fab 42, put on hold for years, announced back in 2017 with President Donald Trump. This finally opened at the end of last year.

The company, which raised nearly $ 21 billion last year with $ 78 billion in sales, is eligible for a tax credit of up to $ 90 million. If it fulfills its work and investment commitments on Tuesday, said Sandra Watson, director of the Arizona Commerce Authority’s state economic development agency.

On Monday, lawmakers tightened laws to increase funding available for the program from $ 70 million to $ 125 million a year. Ducy signed the bill a few hours before Intel’s announcement.

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