Sun, December 1, 2024
[ Sun, Dec 01st 2024 ] - Thomas Matters
Stocking Up for Christmas?
Sat, November 30, 2024
[ Sat, Nov 30th 2024 ] - Thomas Matters
3 ISA strategies to consider
Fri, November 29, 2024
Thu, November 28, 2024
Wed, November 27, 2024
Tue, November 26, 2024
Mon, November 25, 2024
Sun, November 24, 2024
Wed, November 13, 2024
Tue, November 12, 2024
Tue, October 8, 2024

Intel Corporation (INTC): $500M CHIPS Act Investment to Modernize Rio Rancho Fabs, Creating 4,300 Jobs


//stocks-investing.news-articles.net/content/202 .. dernize-rio-rancho-fabs-creating-4-300-jobs.html
Published in Stocks and Investing on by Thomas Matters   Print publication without navigation

We recently compiled a list of the 15 AI Stocks That are Making Headlines. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against the other AI stocks. Perplexity,

Intel Corporation has announced a significant investment of $500 million under the CHIPS Act to modernize its Rio Rancho, New Mexico facilities. This investment aims to enhance the production capabilities of Intel's Fab 9 and Fab 11X, focusing on advanced packaging technologies. The upgrade is expected to create approximately 4,300 jobs, both directly at Intel and indirectly through construction and other related activities. This move not only supports Intel's strategy to bolster its U.S. manufacturing base but also aligns with broader national goals to strengthen domestic semiconductor production, reduce reliance on foreign manufacturing, and secure supply chains. The project will also contribute to the local economy by fostering growth in the high-tech sector in New Mexico.

Read the Full MSN Article at [ https://www.msn.com/en-us/money/markets/intel-corporation-intc-500m-chips-act-investment-to-modernize-rio-rancho-fabs-creating-4-300-jobs/ar-AA1uQCoS ]

Publication Contributing Sources