Intel Breaks Ground on Two New Leading-Edge Chip Factories in Arizona
Intel Corporation (INTC)
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Source: Business Wire
New $20 billion capacity expansion will bring Intel’s total Arizona investment to more than $50 billion. CHANDLER, Ariz.--(BUSINESS WIRE)--What’s New: Intel today broke ground on two new leading-edge chip factories at the company’s Ocotillo campus in Chandler, Arizona. In a groundbreaking ceremony attended by senior government officials and community leaders, Intel CEO Pat Gelsinger celebrated the start of construction on the largest private investment in state history and reiterated the company’s commitment to investing in U.S. semiconductor leadership.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210924005514/en/Intel CEO Pat Gelsinger signals to the crowd from earth-moving equipment in Chandler, Arizona, on Friday, Sept. 24, 2021, for a groundbreaking ceremony to celebrate the largest private-sector investment in Arizona's history. The construction of two new computer chip factories is a $20 billion project that will
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