Intel Investing $20 Billion in Two New Factories in Arizona

At Intel’s “Engineering the Future” event yesterday, new CEO Pat Gelsinger announced a new $20 billion investment into two new fabs in Arizona as well as new branch of the company called Intel Foundry Services, which will produce chips for other companies.

Intel Foundry Services is described as a “standalone foundry business unit” and will develop x86, Arm, and RISC-V core chips for external clients using Intel’s manufacturing technology. Intel’s foundries will be located in the US and Europe, this is of course important for government work as competitors like TSMC do not have operations there. Intel partners include IBM, Qualcomm, Microsoft, Google, and more.

intel foundry services

The $20 million investment will expand Intel’s manufacturing efforts and act as an expansion of their existing Ocotillo campus. This comes at the perfect time as we are in an ongoing global semiconductor shortage (why it is so hard to find CPUs and GPUs).

Via The Verge

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