Intel to Spend Up to $8 Billion on Factory Upgrades
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Intel Corp., the world’s biggest chipmaker, said it will spend between $6 billion and $8 billion on U.S. factory upgrades, spurring the creation of 800 to 1,000 manufacturing jobs.
Plants in Oregon and Arizona will be renovated and a new research and development facility will be built, Intel said today in a statement. The plans will also create as many as 8,000 construction jobs, the company said. The initiative will be carried out over “several years,” Intel spokesman Tom Beermann said in an e-mail.