Intel breaks ground on $20B Arizona chip factory

Friday, 24. September 2021 19:02

Intel CEO Pat Gelsinger was joined by government and community leaders on Friday on a groundbreaking ceremony to celebrate the construction of two new computer chip factories at its Ocotillo campus in Chandler, Arizona.

The $20 billion project is the largest private-sector investment in Arizona history meant to "bolster the United States semiconductor leadership and help bring geographical balance to the global supply chain," as per the official release. According to Gelsinger, the project is meant to provide "more resilience to the supply chain," in the midst of a global chip shortage estimated to have already cost the auto industry $210 billion.

Intel first announced its plans to build the two new leading-edge chip factories in March. The new factories will support the demand for Intel's products and provide the necessary capacity for foundry customers.

Related Links: Intel Corporation
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Breaking the News / TT