Intel’s Got $8B for Manufacturing, New Facility in Oregon
Intel is planning to open up a new manufacturing facility in Oregon. This is part of an investment plan of $6 to 8 billion dollars. The money will also fund other developments in Intel US Manufacturing Division. Intel Corporation is the market leader in microprocessor manufacturing. Majority of their operations are still in the US.
The New York Times reports:
Intel Corp. said Tuesday the investment will create between 6,000 and 8,000 construction jobs and 800 to 1,000 permanent high-tech jobs across its U.S. operations in Oregon and Arizona. It also helps the company keep its current base of factory workers at its U.S. sites in these states. It says its new Oregon facility is scheduled to start up in 2013.
This news implies that Intel is up for a growth and strategy, with plans on expanding operations, indicating their goals for the future. It is interesting to note that Intel is facing the threat of losing relevancy for its chips, as personal computers are giving way to mobile devices. However, Intel showed strong numbers for Q3, and has expressed heavy interest in developing products for the mobile sector, and the new plant in Oregon may have something to do with those goals. On the whole, this is great news for the job market; fresh investments mean more jobs and thus a quicker recovery from the economic downturn.
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