CHANDLER - Intel Corporation today announced plans to invest more than $5 billion to build a new chip manufacturing facility at its site in Chandler, Ariz. The announcement was made by Intel President and CEO Paul Otellini during a visit by President Barack Obama at an Intel facility in Hillsboro, Ore. The new Arizona factory, designated Fab 42, will be the most advanced, high-volume semiconductor manufacturing facility in the world. Construction of the new fab is expected to begin in the middle of this year and is expected to be completed in 2013.
Intel estimates the Fab 42 project will create thousands of construction and permanent manufacturing jobs.
with reading most of his posts, you'd think arizona was going to become worse that the worst parts of the rust belt. an announcement like this would be unfathomable. it's an eating crow post.