PHOENIX — On Tuesday, Intel announced that it was going to make the largest private sector investment in Arizona’s history. The $20 billion investment will expand the company’s Arizona-based manufacturing capacity.
The expansion will see the construction of two new semiconductor fabrication facilities (fabs) which will produce advanced semiconductor chips used in modern electronics.
The investment is expected to result in the direct creation of 3,000 new high-tech, high-wage jobs and 3,000 construction jobs, while supporting an estimated 15,000 additional indirect jobs in our community.
AZ is proud to have @Intel expanding their manufacturing powerhouse in our state! Their $20b investment will create thousands of innovative jobs and inspire ingenuity. Looking forward to this partnership w/ @IntelPolicy & boosting the security and prosperity of Arizonans! https://t.co/o52JX6nyBK
— Rep Andy Biggs (@RepAndyBiggsAZ) March 23, 2021
“I’m thrilled to announce plans for Intel’s first large-scale foundry operation, which will be in Arizona,” said Intel CEO Pat Gelsinger in a press release. “This represents an investment of approximately $20 billion dollars, which will create over three thousand permanent high-tech, high-wage jobs, over 3,000 construction jobs, and 15,000 local long-term jobs in Arizona. To make our new expansion in Arizona possible, we are excited to be partnering with the state of Arizona and the Biden Administration on incentives that spur this type of domestic investment.”
Intel’s operations in Arizona go back more than 40 years. With this new expansion, Intel will employ nearly 16,000 Arizonans and will have invested more than $50 billion in our state. Intel operates four other fabs in Arizona, including Fab 42, the company’s largest chipmaking factory in the United States and said to be the most advanced in the world. In addition to high-volume manufacturing, Arizona is also home to Intel’s Assembly Test Technology Development group and functions like marketing, finance, human resources, legal, supply chain and logistics, and more.