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Intel Investing $7 Billion in Next-Generation Semiconductor Factory in Arizona
WASHINGTON– Intel Corporation recently announced that it is investing more than $7 billion to complete a high-volume semiconductor manufacturing facility in Chandler, Arizona. The advanced chip-making factory, known as Fab 42, will use the 7 nanometer (nm) manufacturing process to produce microprocessors for powering data centers and "hundreds of millions of smart and connected devices worldwide." The announcement was made by Intel CEO Brian Krzanich at a meeting with President Donald Trump at the White House.
Intel (www.Intel.com) said in a press release that the new plant would be completed in three to four years, and would create approximately 3,000 high-tech and high-wage Intel jobs for process engineers, equipment technicians, and facilities-support engineers and technicians who will work at the site. The company also said that, when taking into account businesses that will help support the factory's operations, Fab 42 is expected to create a total of more than 10,000 long-term jobs in Arizona.
"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," said Krzanich in the release. "This factory will help the U.S. maintain its position as the global leader in the semiconductor industry."
In an email to employees, Krzanich wrote that the majority of Intel's manufacturing and R&D is in the United States, where the company employs more than 50,000 people. Intel reports that it also directly supports almost half a million other U.S. jobs across a range of industries, including semiconductor tooling, software, logistics, channels, OEMs, and other manufacturers that incorporate its products into theirs.
"Intel is a global manufacturing and technology company, yet we think of ourselves as a leading American innovation enterprise," Krzanich added. "America has a unique combination of talent, a vibrant business environment, and access to global markets, which has enabled U.S. companies like Intel to foster economic growth and innovation. Our factories support jobs– high-wage, high-tech manufacturing jobs that are the economic engines of the states where they are located."
The 7 nm semiconductor manufacturing process targeted for Fab 42 is currently the most advanced semiconductor process technology in use, and is said to represent the future of Moore's Law. In 1968, Intel co-founder Gordon Moore predicted that computing power will become significantly more capable and yet cost less year after year.
The chips made via the 7 nm process will power the most sophisticated computers, data centers, sensors and other high-tech devices, and enable things like artificial intelligence, more advanced cars and transportation services, and breakthroughs in medical research and treatment. These applications depend upon having the highest amount of computing power, access to the fastest networks, the most data storage, the smallest chip sizes, and other benefits that come from advancing Moore's Law, the company said.
Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.
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