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Monday, 21 February 2011 08:52

Intel to invest $5 billion in new US plant

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Obama names Otellini to jobs council
Intel has announced a $5 billion investment in a new chip plant in Arizona.

Dubbed Fab 42, the new plant is expected to employ about 4,000 workers once it is completed in 2013. Among other things, the new fab will be used to develop the new 14nm manufacturing process.

In related news, US President Barack Obama has named Intel CEO Paul Otellini to the administration’s jobs and competitiveness council. In this economy, it’s probably a nice idea to offer some perks to CEOs who invest a few billion in Arizona rather than overseas.

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0 #1 TmAte 2011-02-21 10:38
sounds good...
+12 #2 Tranzz 2011-02-21 12:37
Intel to be involved in "jobs and competitiveness council". Some people have short memories.
Thats quite funny... :lol:
+6 #3 genetix 2011-02-21 13:52
wow, I bet these toys ain't for Core I7. ;P
-5 #4 Bl0bb3r 2011-02-21 19:54
Do they have enough water there in Arizona?
+1 #5 JAB Creations 2011-02-21 22:47
BS, they opened a couple plants in Asia too so the bulk of the money they're spending is not in America though in places like communist Vietnam.

0 #6 thomasg 2011-02-23 00:01
In 2013, Intel will be rolling out their 16 nm process; after that is 11 nm.

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