Intel to Build New Semiconductor Fabs

Intel will invest $20 billion to build two new semiconductor fabs in Arizona in a bid to become a “major provider of foundry capacity” in the U.S. and Europe, the company said March 23. It plans to use its expanded foundry capacity to “serve the incredible global demand for semiconductor manufacturing” and to partner with IBM to better research and develop next-generation packaging technologies.

Commerce Department Secretary Gina Raimondo applauded the announcement, saying it will help “preserve U.S. technology innovation and leadership.” She said she will continue to push for more investments in domestic semiconductor manufacturing. “We can create jobs, strengthen our national security as well as the security and resiliency of our supply chains,” she said. “And we welcome additional announcements on U.S. manufacturing commitments by other firms as well.” The announcement came days after the Bureau of Industry and Security asked for feedback on how it can “boost the competitiveness and capacity of the U.S. semiconductor industry” (see 2103110047).