Intel Plans to Build $5 Billion Chip Plant in Arizona
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Intel Corp., during a visit by President Barack Obama, announced plans to build a $5 billion microprocessor plant in Arizona and hire 4,000 employees in the U.S. this year.
The workers will focus on product development, research and design, Chief Executive Officer Paul Otellini said, as he showed Obama around an Intel plant near Portland, Oregon. The new factory will be built at the company’s existing site in Chandler, Arizona.