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

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