Intel Announces Big US Investment

Intel will invest between $6 billion and $8 billion in a new US factory and upgrades to existing U.S. fabrication centers to help in the manufacturing of the firm's next-generation microprocessing technology.

The new fabrication plant will be built in Portland (OR) and will manufacture 22-nanometer process technology. In addition, Intel said it would be upgrading four existing facilities in Oregon and Arizona to also manufacture 22-nanometer process products. The new 22-nanometer technology will enable higher performance and extend battery life. Intel Senior Vice President Brian Krzanich, general manager of the company's manufacturing and supply chain, said the investments would fund 6,000-8,000 construction jobs and result in 800-1,000 new permanent jobs at the facilities.