Intel Corporation announced yesterday plans to invest more than $7 billion to complete the buildout of Fab 42, a high-volume factory in Chandler, Ariz. It will produce microprocessors to power data centers and hundreds of millions of smart and connected devices worldwide. The announcement was made by President Donald Trump and Intel CEO Brian Krzanich at the White House.
“Leading edge technologies like 7nm require an increasing amount of factory space per wafer. These two factors have driven Intel to a point where we must get to work and build out another factory for 7nm capacity. These state-of-the-art factories take a couple of years to build out capacity and begin the start-up process.” said Krzanich.
The factory isn't new construction , however.
Former President Obama congratulated Intel while speaking at the construction site at the Ocotillo Campus in Chandler, Jan. 25, 2012. In January 2014, Intel confirmed the facility would remain vacant, raising the ire of some Arizona officials who had ok's $3.3 million in state tax credits for job creation. At the time, Steve Zylstra, president and CEO of the Arizona Technology Council said Intel often makes investments during economic downturns. “It’s been a hallmark of their success over most of their existence and I think this is just indicative of their strategy,” he said.
Intel estimates the completion of Fab 42 in 3 to 4 years will directly create approximately 3,000 Intel jobs for process engineers, equipment technicians, and facilities-support engineers and technicians who will work at the site.