Intel‘s Investment worth US$20 Billion Expansion Is Creating Thousand of High-Tech Jobs
Governor Doug Ducey applauded this action as the largest private sector investment in state history as Intel announced the substantial expansion of its Arizona-based manufacturing capacity with a $20 billion investment. In an article of Flagstaff Business News the development will see the construction of two new semiconductor fabrication facilities, or fabs, which will produce advanced semiconductor chips used in modern electronics.
“Job, jobs, jobs and more jobs,”Ducey said that the investment means leading to the direct creation of 3,000 new high-tech, high-wage jobs and 3,000 construction jobs, while supporting an estimated 15,000 in addition to the indirect jobs in our community.
No company has been such an instrumental partner in Arizona’s growth and transformation over the years as Intel, and my sincere thanks goes out to CEO Pat Gelsinger and the whole Intel team. I also want to recognize the U.S. Department of Commerce, Arizona Commerce Authority, City of Chandler, President Fann and Speaker Bowers for their partnership to bring this project here,” stated the governor.
“Today, when people think about semiconductor production, they think of Arizona, and that means development for our state, country and future generations of Arizonans.”
Intel CEO Pat Gelsinger said in his speech that“I’m thrilled to announce plans for Intel’s first large-scale foundry operation, which will be in Arizona,”. And “To make our new expansion in Arizona possible, we are excited to be partnering with the state of Arizona and the Biden administration on incentives that spur this type of domestic investment.”
Intel’s operations in Arizona go back more than four decades. With this new development, Intel will employ nearly 16,000 Arizonans and will have invested more than US$50 billion in the state.
Intel is operating four other fabs in Arizona, including Fab 42, the company’s largest chipmaking factory in the United States, which is said to be the most advanced in the world. Arizona is also the home of Intel’s Assembly Test Technology Development group and functions like marketing, finance, human resources, legal, supply chain and logistics, and more.
Since the year 2015, Intel and the Intel Foundation have given more than US$35 million to support Arizona schools and non-profits and employees have contributed more than 750,000 volunteer hours.
Jim McGregor of Forbes article, said that “Arizona has high interest because it has the five key factors for semiconductor fabs – available land, infrastructure, skilled talent, no natural disasters, and favorable tax incentives.”
“With the scarcity of the global semiconductor chips sector, Arizona is poised to continue its development in technology and advanced manufacturing footprint,” stated a news release from the governor’s office. “Arizona is already a top-five state for semiconductor production, with multiple industry leaders choosing the state to start, expand or relocate operations.” FBN
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