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Intel invests $8 Billion and creates jobs up to 8,000
By siliconindia
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Wednesday, 20 October 2010, 17:09 IST
New York: Intel one of world's largest chip makers will invest a whopping $8 billion to upgrade multiple computer chip manufacturing plants in the U.S. for the next two years, and to build a new facility in Oregon. The projects will support 6,000 to 8,000 construction jobs and result in the creation of 800 to 1,000 new permanent high-tech jobs.
Intel President and CEO Paul Otellini said "Today's announcement reflects the next tranche of the continued advancement of Moore's Law and a further commitment to invest in the future of Intel and America." He also said "The most immediate impact of our multi-billion-dollar investment will be the thousands of jobs associated with building a new fab and upgrading four others, and the high-wage, high-tech manufacturing jobs that follow."
Moore's Law is Intel co-founder who predicted in 1965 that computer chips' performance will roughly double every two years as manufacturing technology improves and more transistors, or tiny on/off switches, can be crammed on to the chips.
Intel's new investment will support the manufacturing of its 22-nanometer (nm) chip process across several existing US factories. These upcoming 22nm microprocessors are designed for use in smartphones, digital cameras, desktop and laptop computers, and numerous other devices. It will also fund construction of a new fabrication plant, known as a "fab," in the northwestern state of Oregon .
The two plants in Arizona and two Oregon that are getting the upgrade make Intel's most advanced chips. Intel has plants around the world, including Ireland and Israel, but three-quarters of its chip manufacturing is done in the U.S. Intel owns about 80 percent of the worldwide market for PC and server microprocessors. Intel is expanding aggressively into new markets for its chips such as cell phones and televisions and cable set-top boxes and tablets.
The U.S. economy is luring under unemployment crisis and these factories which will be setup by Intel in those sites are a ray of hope for unemployed professionals and the financial results of the chip manufacturer has proved beneficial to the tech sector as well as the U.S. economy. Experts say Intel has always been a positive force even in the struggling economy scenario.
