Microchip maker Intel announced Friday it plans to build a $5 billion state-of-the-art microprocessor factory in Arizona by 2013, greatly increasing it US manufacturing capacity as part of a major global expansion.
The high-tech plant, which will produce microchips with next-generation 14 nanometer line-widths, is expected to bring thousands of jobs to the economy-weakened region, which is offering more incentives to lure in businesses.
Intel CEO Paul Otellini made the announcement during a visit by President Barack Obama to an Intel facility in Hillsboro, Oregon. Otellini said the construction of the new facility — named Fab 42 — will begin the middle of this year and is expected to be complete by 2013.
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