Intel Plans Even More 'Made in America'

| About: Intel Corporation (INTC)

Intel (NASDAQ:INTC) confirmed Saturday a massive investment commitment in Arizona, announcing that it planned to build a state-of-the-art semiconductor facility, Fab 42. Fab 42 will be a 300mm factory, which refers to the size of the wafers that contain the computer chips.

The facility is expected to cost more than US$5 billion to build, and will create thousands of jobs in the state.

Intel said the factory would be the most advanced high volume semiconductor manufacturing facility in the world.

Construction is due to begin in a few months and is expected to be completed in 2013. Brian Krzanich, senior VP and GM, Manufacturing and Supply Chain said:

This fab will begin operations on a process that will allow us to create transistors with a minimum feature size of 14 nanometers. For Intel, manufacturing serves as the underpinning for our business and allows us to provide customers and consumers with leading-edge products in high volume.

Intel went on to note, as no doubt many commentators already realize, that it already produces more than 75% of its microprocessors in the United States, but generates more than 75% of its revenues from international sales.

Krzanich added:

The products based on these leading-edge chips will give consumers unprecedented levels of performance and power efficiency across a range of computing devices from high-end servers to ultra-sleek portable devices.

Disclosure: None