Intel announced plans to invest more than $7 billion to complete Fab 42 semiconductor factory that is expected to create more than 10,000 jobs in Arizona.
Touted to be to be the most advanced semiconductor factory in the world, the new plant is targeted to use 7 nanometer (nm) manufacturing process. It will produce microprocessors to power data centers and hundreds of millions of smart and connected devices worldwide.
According to Intel, the completion of Fab 42 in 3 to 4 years will directly create approximately 3,000 high-tech, high-wage Intel jobs for process engineers, equipment technicians, and facilities-support engineers and technicians who will work at the site. Combined with the indirect impact on businesses that will help support the factory’s operations, Fab 42 is expected to create more than 10,000 total long-term jobs in Arizona.
Brian Krzanich, CEO of Intel
Intel’s business continues to grow and investment in manufacturing capacity and R&D ensures that the pace of Moore’s law continues to march on, fueling technology innovations the world loves and depends on. This factory will help the U.S. maintain its position as the global leader in the semiconductor industry. Intel is a global manufacturing and technology company, yet we think of ourselves as a leading American innovation enterprise.
