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- Intel is building two new semiconductor factories in Arizona123, with a total investment of $20 billion13. The facilities are expected to be operational in 20241and will create thousands of jobs in the local community12. The expansion comes amid a global chip shortage and concerns about the U.S. competitiveness in chip manufacturing23.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
Dive Brief:
- Intel is expanding its presence in Arizona through the construction of two new semiconductor factories worth $20 billion, according to an Intel press release.
www.constructiondive.com/news/intel-breaks-grou…U.S. semiconductor giant Intel announced in March that it plans to spend $20 billion on two new chip plants in Arizona. Separately, TSMC (Taiwan Semiconductor Manufacturing Company) said it was going to build a $12 billion factory in Arizona, and chief executive C.C. Wei said Wednesday that construction had already begun.www.cnbc.com/2021/06/04/why-intel-tsmc-are-buil…Intel is spending $20 billion to build two new chip plants in Arizona
- Intel announced on Tuesday that it will spend $20 billion to build two major factories in Arizona.
www.cnbc.com/2021/03/23/intel-is-spending-20-billi… - People also ask
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