Big News – INTEL will be investing in ARIZONA ! ! !

NEW YORK — Intel Corp said on Tuesday that it plans to spend between $6 billion and $8 billion on high-tech manufacturing facilities in Arizona and Oregon, projects it estimates would create up to 8,000 construction jobs.

Intel, the world’s largest chipmaker, said plans call for it to build a new fabrication plant in Oregon and upgrade several existing factories. The projects, it said, would support 6,000 to 8,000 construction jobs along with another 800 to 1,000 permanent new high-tech jobs.

Intel said the new plant in Oregon — which would be called D1X — is scheduled for research and development start-up in 2013. In addition, upgrades would be undertaken at four existing factories in Oregon and Arizona.

Currently, about 75 percent of Intel’s microprocessor manufacturing takes place in the United States, while the majority of its sales occur overseas.

“Intel makes approximately 10 billion transistors per second. Our factories produce the most advanced computer technology in the world and these investments will create capacity for innovation we haven’t yet imagined,” Brian Krzanich, manager of Intel’s manufacturing and supply chain, said in a statement.

The construction is aimed at outfitting the plants to manufacture Intel’s next-generation 22-nanometer microprocessors. The microprocessors are due to be in production late next year with products on sale in early 2012, and should create room to build smaller, better performing devices with longer battery life.

Intel, which employs more than 80,000 people, including 45,000 in the United States, earlier this month called on the U.S. government to provide tax credits or tax holidays for companies that build new factories here to promote jobs.

It complained that it can cost $1 billion less to build and operate a semiconductor factory in countries other than the United States. Some 90 percent of the difference, it said, was due to tax and incentive policies rather than labor costs. 1/8ID:nN05210123 3/8.

“Clearly we’d like that passed but if you take a look at it we have a large manufacturing base in the U.S. It’s a great asset both from a hardware standpoint, but also the employees that are highly skilled and we’re going to utilize that,” Krzanich told reporters.

Intel’s shares gained about 14 cents, or 0.73 percent, to $19.32 in Nasdaq trading.

Joyce Corsi Hazen, REALTOR®, CNE, SFR
Long Realty Arizona Properties
Member of the Peoria Chamber of Commerce
Cell:  602-284-9822
Office:  623-209-2400
Fax:  623-505-4346
Toll Free: 877-477-2578 (U.S only)
Website:  www.JoyceHazen.com
Advertisements

About Joyce Hazen, REALTOR, CIPS, CNE, SFR

An Arizona and Greater Metropolitan Phoenix Realtor, I am a full service professional with an International Designation, CIPS, who works with Buyers, Sellers & Investors all around the world. I have experience in both the residential and commercial communities. In addition, as a Certified Negotiation Expert I work my hardest to utilize my negotiation skills to benefit all clients. I also speak French, English and Italian. Originally from Canada, having moved to the Valley in 2000, I pay special attention to your personal individual needs and desires, to find you the home, land, or building that you’ve been dreaming of. Real Estate has given me the privilege of working with so many wonderful people and with my knowledge, tools and skill set I have been fortunate to realize that individual needs change from person to person, business to business, culture to culture, and that every request is important to you. For that very reason, when I embark on a journey, I work closely with you, whether you are buying or selling a home or commercial space, whether it is a tradition sale, short sale or foreclosure. I will help you as I am highly motivated, results driven and have taken time to research the marketplace, trends and opportunities to know how to best serve you. With my experience, culture and languages, you can rest assured that your best interests are my priority. I will help you find the home or property of your choice and professionally negotiate on your behalf. It is for these reasons that so many of my clients refer me to their friends and families. The Valley of the Sun has been one of the fastest growing U.S. metropolitan communities, Phoenix has grown tremendously over the past couple decades. Financial Institutions are working with Americans, offering terrific mortgage deals, as well as with foreign investors who are interested in purchasing second homes… the opportunities are endless. My mission and goal is to provide you with superior service. Welcoming new residents to Arizona including Americans and International clients who want to relocate permanently, a home away from home or to escape cold winters, is a pleasure! I enjoy meeting new people and always set my goals high and strive to achieve them. If you’re ready to search for the perfect property, I am here to show you the very best homes that meet your criteria.
This entry was posted in Real Estate. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s