Hello, Guest!
  • Thursday, November 28, 2024

Intel Plans $7B Investment for Future Semiconductor Factory in Arizona


TYSONS CORNER, VA, Feb. 10, 2017 ” Intel (Nasdaq: INTC) plans to allot more than $7 billion toward the development of a semiconductor factory in Chandler, Arizona, that could generate approximately 10,000 jobs in the region, ExecutiveBiz reported Thursday.

The company said Wednesday the future Fab 42 facility will utilize the 7-nanometer semiconductor manufacturing process to produce microprocessors that will serve to power data centers and connected devices.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com

Contact:
David Smith
(703) 226-7002
[email protected]

Video of the Day

Related Articles

Paul Dillahay on Empower AI’s Move to New Virginia Office, Job Creation Press Releases

Paul Dillahay on Empower AI’s Move to New Virginia Office, Job Creation

TYSONS CORNER, VA, Aug. 4, 2022 — Paul Dillahay, CEO of Empower AI and a 2022 Wash100 Award winner, has announced the opening of a new office in Henrico County, Virginia, to support the information technology company’s expansion efforts, ExecutiveBiz reported. He added that the move to the new facility will create 150 job opportunities.

Report: BAE to Build $139M Defense Aerospace Facility in Iowa M&A Activity

Report: BAE to Build $139M Defense Aerospace Facility in Iowa

BAE Systems plans to develop a $139M classified facility in Cedar Rapids, Iowa, and create 650 jobs in the city, The Gazette reported Friday. Construction work on the proposed 200K-square-foot defense aerospace facility is expected to kick off by October and conclude by September 2022. Ryan Companies US will serve as the project’s developer.

James Taiclet: Lockheed’s Accelerated DoD Progress Payments to Suppliers Hit $1.1B News

James Taiclet: Lockheed’s Accelerated DoD Progress Payments to Suppliers Hit $1.1B

James Taiclet, president and CEO of Lockheed Martin (NYSE: LMT), said the company has accelerated more than $1.1B in progress payments it has received from the Department of Defense to its suppliers to support the defense industrial base and national security efforts during the COVID-19 pandemic.