Intel to invest $20 billion in Arizona, create thousands of jobs
Christian Fernsby ▼ | March 25, 2021
Intel announced a substantial expansion of its Arizona-based manufacturing capacity with a $20 billion investment – the largest private sector investment in Arizona history.Article continues below
Topics: INTEL ARIZONA >
The expansion will see the construction of two new semiconductor fabrication facilities, or fabs, which will produce advanced semiconductor chips used in modern electronics.
The investment will lead to the direct creation of 3,000 new high-tech, high-wage jobs and 3,000 construction jobs, while supporting an estimated 15,000 additional indirect jobs.
“I’m thrilled to announce plans for Intel’s first large-scale foundry operation, which will be in Arizona,†said Intel CEO Pat Gelsinger.
“This represents an investment of approximately $20 billion dollars, which will create over three thousand permanent high-tech, high-wage jobs, over 3,000 construction jobs, and 15,000 local long-term jobs in Arizona. To make our new expansion in Arizona possible, we are excited to be partnering with the state of Arizona and the Biden Administration on incentives that spur this type of domestic investment.â€
Intel’s contributions to Arizona extend beyond jobs and manufacturing to also include supporting local schools and students, promoting healthy forests and rivers, providing pandemic relief, and more. Since 2015, Intel and the Intel Foundation have given more than $35 million to support Arizona schools and nonprofits and employees have contributed more than 750,000 volunteer hours. ■ What to read next
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