Intel to Build $5 Billion Chip Factory in Arizona
By Christian Zibreg, The Bright Side of News* | More Articles
February 21, 2011 | Comments (0)
Intel (Nasdaq: INTC), the world's largest chipmaker, announced this past Friday plans to build a new $5 billion-plus factory dubbed Fab 42. Located at its site in Chandler, Ariz., and billed as "the most advanced high-volume semiconductor manufacturing facility in the world," it will create more than 4,000 permanent jobs in the country this year and enable the company to explore a process for creating transistors with a minimum feature size of 14 nanometers.
This will pave the way for a more powerful and energy-efficient chips that will power even thinner mobile devices. Construction is set to begin in the middle of this year, and completion is expected the following year. The facility will help keep jobs in America in times when more than three-quarters of the company's sales come from outside the country.
Read the rest right HERE: http://www.fool.com/investing/genera...n-arizona.aspx
So how did this happen? Some will cite corporate welfare I'm sure.
Or try this one: http://yourwestvalley.com/topstory/a...cc4c03286.html