New York (AFP) Oct 19, 2010
Intel Corp. announced plans on Tuesday to invest up to eight billion dollars in its US manufacturing facilities to produce next-generation computer chips.
Intel said the investment of six billion dollars to eight billion dollars over the next several years will fund deployment of its 22-nanometer (nm) chip manufacturing process across several existing US factories.
It will also fund construction of a new fabrication plant, known as a "fab," in the northwestern state of Oregon, Intel said in a statement.
Intel, the world's largest computer chip maker, is to begin production of its first 22nm microprocessors, codenamed "Ivy Bridge," in late 2011.
Intel said the projects will support 6,000 to 8,000 construction jobs and result in the creation of 800 to 1,000 new permanent high-tech jobs.
"The most immediate impact of our multi-billion-dollar investment will be the thousands of jobs associated with building a new fab and upgrading four others, and the high-wage, high-tech manufacturing jobs that follow," Intel president and chief executive Paul Otellini said.
Otellini said the investment demonstrates the Santa Clara, California-based company's "commitment to invest in the future of Intel and America."
"Contrary to conventional wisdom, we can retain a vibrant manufacturing economy here in the United States by focusing on the industries of the future," said Brian Krzanich, senior vice president of Intel's manufacturing and supply chain.
In February 2009, Intel announced seven billion dollars in state-of-the-art upgrades to its 32nm manufacturing facilities in the United States.
While three-fourths of Intel's revenue is generated overseas, the company said three-fourths of Intel's microprocessor manufacturing is located in the United States.
Intel said the new plant in Oregon is scheduled to begin research and development in 2013. It said the investment will also be used to upgrade two existing factories in Arizona and two existing facilities in Oregon.
With one million personal computers shipping per day, Intel said the upgrades will create the manufacturing capacity to allow for continued growth of the PC market and to address growing sectors such as mobile computing.
"Intel makes approximately 10 billion transistors per second," Krzanich said. "These investments will create capacity for innovation we haven't yet imagined."
Intel shares were up 0.73 percent to 19.33 dollars in early afternoon trading on Wall Street.
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Intel posts three billion dollar quarterly net profit
New York (AFP) Oct 12, 2010
US computer chip giant Intel posted a quarterly net profit of nearly three billion dollars on Tuesday and record revenue of more than 11 billion dollars. The Santa Clara, California-based technology bellwether said third-quarter net profit rose 59 percent to 2.95 billion dollars compared with the same period a year ago. Earnings per share of 52 cents were slightly better than the 50 cent ... read more
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