>Intel has declared plans to pay $3.5 billion to upgrade one among its chip producing facilities in metropolis Rancho, New Mexico. the concept is that the serious investment can facilitate counter the continuing international chip shortage, however it’s planning to take a while for the cash to try to to its job.
The money are wont to equip operations there with the power to manufacture “advanced semiconductor packaging technologies,” as well as Fevers, a 3D packaging technology that permits Intel to stack logic chips vertically instead of side-by-side.
The multi-year investment can produce a minimum of 700 sophisticated jobs and one,000 construction jobs, and support another three,500 jobs within the state. Since 1980, the chipmaker has invested with roughly $16.3 billion to support its NM operations, that presently use quite one,800 people.
Newly minted Intel chief executive officer Pat Gelsinger back in March aforesaid the chipmaker was doubling down on its producing capability with a $20 billion investment to make 2 new 7nm fabs in Arizona. Those fabs can utilize extreme ultraviolet lithography (EUV) in an exceedingly rearchitected, simplified method flow, Intel said.
Rival TSMC aforesaid last month that it'd be finance quite $100 billion over successive 3 years to spice up its capability.
Even with the large inflow of cash, the world chip shortage is not planning to get resolved long. “I assume we've got one or two of years till we have a tendency to catch up to the present billowy demand across each side of the business,” Geisinger told her in an exceedingly recent interview.
Planning for the enlargement can begin straight off, with Intel expected to interrupt ground later this year.
