Intel announces a $7 Billion investment into Foundry 42
Intel announces a $7 Billion investment into Foundry 42
 Â
 (Fab 42 was under construction a long time ago)
Â
Intel now needs new foundries to create their next generation 7nm processors, with Foundry 42 the obvious choice for the company since the CPU maker already has all required planning permission and a large portion of the work already completed in for the facility.Â
While this new foundry will allow Intel to create 3,000 new jobs directly, it must be remembered that Intel has already cut over 12,000 jobs since April 2016, with a large portion of these jobs being in the US. Â
Â
Â
The reason behind Intel announcing this investment in the White House seems to be purely for the additional press coverage outside of the tech industry, with Intel stating that they are receiving no federal benefits from the Trump Administration for creating this new foundry inside the US.  Â
Intel’s reasoning behind creating this new foundry at the Foundry 42 site is simple as the company has already made investments in the area and has already received any relevant planning permissions to build a foundry on this site. Â
Â
You can join the discussion on Intel’s plans to create a new 7nm Fab on their FAB 42 site in Arizona on the OC3D Forums. Â