Intel announced plans to invest $20B in two new manufacturing facilities in Arizona. The investment was announced as part of a broader series of manufacturing, innovation, and product development-related initiatives, and is expected to create over 20k jobs in Arizona. Here’s the full announcement.
More context: The expansion comes amid a global semiconductor shortage, which has caused several US automakers to temporarily cut production and prompted an executive order from President Biden calling for a review of US supply chains.
The New Paper
This story is from the March 24, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.