Construction should kick off in the middle of this year, it said in a statement. When completed, the plant will churn out next-generation 14-nanometer line-width transistors and microchip wafers of 300 millimeters.
Intel said in October it plans to spend $6 billion to $8 billion on high-tech manufacturing facilities in Arizona and Oregon, creating as many as 8,000 construction jobs.
In January, the world’s largest chip maker unveiled its next-generation microchip, code-named Sandy Bridge, which it said will yield about a third of its corporate revenue in 2011.
About three-quarters of Intel’s manufacturing takes place in the United States. But it is expanding capacity around the world, including in Israel and China.
Intel shares rose 0.5 percent to $22.07 on Nasdaq late Friday afternoon.
Source: Reuters.
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Intel plans $5 billion Arizona chip plant by 2013