LayoffBlog.com

February 11, 2009

Intel to invest $7B on U.S. plants

Intel will spend $7 billion over the next two years to revamp three U.S. manufacturing plants, and the company’s CEO called on other companies to also invest in the future as a way to combat an economic recession.

The company will update manufacturing plants in Arizona, New Mexico and Oregon to build new 32-nanometer processor chips, Paul Otellini, the company’s president and CEO announced Tuesday.

The three U.S. plants will support about 7,000 Intel employees and “multiple thousands” of contractors, Otellini said.

Source: ComputerWorld

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