Company to Upgrade Facilities in Colorado and Massachusetts
SANTA CLARA, Calif., Sept. 15, 2005 -- Intel Corporation today
announced plans to invest $345 million in two of the company's existing
manufacturing sites in Colorado and Massachusetts. The investments will
be used to increase the capacity of the wafer fabrications facilities
(fabs), Fab 17 in Hudson, Mass. and Fab 23 in Colorado Springs, Colo.
Both fabs are 200mm facilities that produce primarily chipsets
communications and flash memory components for a variety of Intel
platforms.
"These investments will increase the capacity of our 200mm
manufacturing network to support our platform initiatives and will give
us additional supply flexibility across a range of products," said Bob Baker,
senior vice president, general manager, Technology and Manufacturing
Group. "For Intel, manufacturing is a key competitive advantage that
serves as the underpinning for our business and allows us to provide
customers with leading-edge products in high volume. The decision to
invest in our sites in Colorado and Massachusetts reflects the
strategic importance of these facilities and our outstanding team of
employees."
In Colorado Springs $190 million will be invested as part of an
upgrade to a second clean room within Fab 23 that will allow Intel to
complete final processing steps for microprocessors -- produced on
300mm wafers at other Intel locations -- prior to final testing and
packaging. Construction on the project is set to begin immediately,
which will allow processing of advanced microprocessors in the second
half of 2007. The project is expected to create several hundred new
jobs in Colorado Springs over the next three years.
In Hudson, Intel's $155 million investment will be used to increase
overall capacity at Fab 17 by adding new manufacturing equipment and
reconfiguring portions of the factory. The additional capacity will be
used to manufacture a variety of logic products, including chipsets to
support Intel's platform initiatives for mobile, desktop and server
systems. This investment in Hudson will result in the creation more
than 300 new manufacturing jobs.
Separately, the company also announced that after an extensive
search for a suitable location it has signed an agreement to purchase
office property in Ft. Collins, Colo. to be used as a design center to
house a portion of the company's Itanium® processor design team.
News Source: Intel Press Release
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