Intel announces plans to spend up to $8 billion on U.S. factory upgrades

Apple and Google may be sitting on their piles of cash, but Intel sure is dipping into its reserves in a big way these days — the company has just announced that it’s following up its nearly $8 billion acquisition of McAfee with a multi-billion dollar investment in upgrades to is factories in Arizona and Oregon. That investment will total between $6 billion and $8 billion, and include the development of an entirely new fabrication plant in Oregon, in addition to upgrades at the two existing facilities that will allow Intel to move forward with its 22-nanometer manufacturing process . As you can no doubt guess, the investment will also be quite a boon to both areas — Intel says that the upgrades, which will take place over “several years,” will create as many as 8,000 construction jobs and between 800 and 1,000 permanent jobs at the facilities. Head on past the break for the full press release. Continue reading Intel announces plans to spend up to $8 billion on U.S. factory upgrades Intel announces plans to spend up to $8 billion on U.S. factory upgrades originally appeared on Engadget on Tue, 19 Oct 2010 19:59:00 EDT. Please see our terms for use of feeds . Permalink

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