Intel $20B Dual Factory Expansion in Ariz Has Foundry Plan

Intel is expanding operations in Chandler, Arizona, with two new chip factories as part of its integrated device manufacturing model strategy, it said Wednesday. The fabs will support Intel products and customers as well as committed capacity for foundry customers, it said. Buildout cost is about $20 billion. It’s expected to create more than 3,000 permanent high-wage, high-tech jobs, over 3,000 construction jobs and 15,000 local long-term positions.