Good News on the Business Front!
Go Intel!
Now — can we get some other ‘off shore’ companies to come home? This motivates me to go out and finally buy a Mac with “Intel inside!!!”
Intel Invests in the U.S.
While other companies are cutting back, the chip giant plans aggressive capital investment spending
Moving against a tide of gloomy sentiment in corporate boardrooms, chip giant Intel (INTC ) on Feb. 10 announced plans to invest $7 billion over the next two years to expand and transform three U.S. manufacturing plants. The new “super-fabs” could slash the costs to make everything from PCs and cell phones to set-top boxes and retail-sale systems.
As early as this fall, the company plans to begin shipping in volume the world’s first microprocessors created at the subatomic 32-nanometer level—transistors so small that 4 million of them could fit on the period at the end of this sentence. To deliver the chips quickly, Intel plans to begin retooling chipmaking plants in Arizona, New Mexico, and Oregon, where a total of 7,000 people will be employed.
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