National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


National  | 

Intel Plans $7B Arizona Investment

Intel Corp. will be investing more than $7 billion to upgrade, complete and open Fab 42, a high-volume semiconductor factory that will be the most advanced in the world. The factory, which will be built in Chandler, AZ, will take three to four years to complete, and will end up creating 3,000 high-tech jobs for process engineers, equipment technicians and facilities support engineers and technicians.

The one-million square-foot Fab 42 on 88th Street was completed at the end of 2013, with plans to use it to manufacture 14-nanometer chips. The plant, however, remained empty, amid cutbacks and workforce reductions.

In the upgraded plant, Fab 42 will rely on 7-nanometer manufacturing process that will produce microprocessors to power data centers, as well as connected devices.

Read More at Businesswire

Subscribe to Connect Daily National

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

Chase-21-cube-Finance Advertisement
New call-to-action
New call-to-action