Intel to spend $8 Billion on plant upgrade

In a press release today, Intel announced that it will spend $6-8 billion upgrading plants in Arizona and Oregon. The upgrade will help the company manufacture Intel’s next-generation 22-nanometer chips and will happen over "several years."

Two weeks ago, Intel said that they had generated $11.1 billion revenue in their third quarter. With that mountain of cash, no one can question whether or not they can afford it. According to Intel, the next-generation 22-nanometer chip will allow for “sleeker device designs, higher performance and longer battery life at lower costs.”

“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,” said Intel President and CEO Paul Otellini. “The most immediate impact of our multibillion 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.”

The move is thought to create 6000-8000 construction jobs and 800-1000 permanent jobs at the plants while being able to keep its current employees currently at the sites.

Brian Krzanich, senior vice president of Intel, said that “Intel makes approximately 10 billion transistors per second. Our factories produce the most advanced computer technology in the world and these investments will create capacity for innovation we haven’t yet imagined."

Intel currently is the most advanced semiconductor manufacture in the world, a title which they believe the upgrade will help them keep a hold of.

Image credit: Engadget

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21 Comments

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R1pper said,
AMD for ever. for me, as of respect and admiration, all my systems are AMD+gigabyte.

personally, i think :
AMD for desktop/server.
Intel for notebook
Texas Instrument for portable devices (cellphone)

Don't see the point of sticking to one company, especially when the one you stick with is so far behind. The price argument doesn't work at the top end since Intel have priced some of their top cpu's pretty damn competitively (Core i5-750 for example) and AMD can't get anywhere near any of the other ones.

If AMD suddenly produce an awesome line of processors then I will use one of them.

.Kompressor said,
Kudos for Intel in creating jobs....

And the great thing is - they're high paying jobs too which will hopefully get things rolling along.

rawr_boy81 said,

And the great thing is - they're high paying jobs too which will hopefully get things rolling along.

I hope so for 8 Billion...with a B.

ZENTVENT, did you um forget intel got its behind whopped by AMD with the OPTERON and coming out with true AMD64 extensions, you know those INTEL-64 Bit extensions were licensed from AMD just so ya know!

AnotherITguy said,
ZENTVENT, did you um forget intel got its behind whopped by AMD with the OPTERON and coming out with true AMD64 extensions, you know those INTEL-64 Bit extensions were licensed from AMD just so ya know!

I dont see AMD making any 8 billion dollar upgrades. And I'm quite happy with my i7 @ 4.0 GHz on air. Air! Can you believe that it's amazing what their processors have become today.

AnotherITguy said,
ZENTVENT, did you um forget intel got its behind whopped by AMD with the OPTERON and coming out with true AMD64 extensions, you know those INTEL-64 Bit extensions were licensed from AMD just so ya know!

And AMD license x86 from Intel - What's your point?

Minooch said,
And AMD license x86 from Intel - What's your point?
Indeed. RISC architecture is gonna change everything.

n_K said,
Indeed. RISC architecture is gonna change everything.

Lol I just loled, but indeed its a P6 Chip // end stupidity..

Even though its a CISC not a RISC

n_K said,
Indeed. RISC architecture is gonna change everything.

Is there a pure CISC or RISC CPU these days? most I see are hybrids. Same can be said regarding operating system kernels - most are hybrids.

btw RISC isn't some silver bullet to solving all of life's problems - the move to x64 pretty much fixes up 99% of the problems people had with x86, for example x64 has more registers, a flat memory model etc.

rawr_boy81 said,

Is there a pure CISC or RISC CPU these days? most I see are hybrids. Same can be said regarding operating system kernels - most are hybrids.

btw RISC isn't some silver bullet to solving all of life's problems - the move to x64 pretty much fixes up 99% of the problems people had with x86, for example x64 has more registers, a flat memory model etc.

Lol, you read into it to deep.. He was quoting from a hyped up 90s movie about a infamous hacker "Zero Cool" lol; Hack The Planet!! Haha.

ZenVenT said,
AMD's upgrading thier plants too, new trash can liners for half the offices!

And I pray that AMD never goes out of business, because such would lead to stagnation at Intel

Leroy Jethro Gibbs said,

And I pray that AMD never goes out of business, because such would lead to stagnation at Intel

Intel still seems to be progressing rather well even without any real direct competition kudos to them