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Intel Announces $20 Billion Expansion in Arizona



Intel has announced a substantial expansion of its Arizona-based manufacturing capacity with a $20 billion investment-the largest private sector investment in state history, according to the company. The expansion will see the construction of two new semiconductor fabrication facilities, or fabs, which will produce advanced semiconductor chips used in modern electronics.

The investment will lead to the direct creation of 3,000 new high-tech, high-wage jobs and 3,000 construction jobs while supporting an estimated 15,000 additional indirect jobs in the community.

"This announcement means jobs, jobs and more jobs for the state of Arizona," said Governor Doug Ducey. "It also proves once again that Arizona is at the cutting-edge of advanced chipmaking and manufacturing."

"I am thrilled to announce plans for Intel's first large-scale foundry operation," said Intel CEO Pat Gelsinger. "To make our new expansion in Arizona possible, we are excited to be partnering with the state of Arizona and the Biden Administration on incentives that spur this type of domestic investment."

"Intel's selection of Arizona for this historic investment is a testament to our vibrant and growing technology ecosystem-one powered by our streamlined regulatory environment, low cost of doing business, world-class higher education institutions and highly skilled and talented labor force," said Sandra Watson, President and CEO, Arizona Commerce Authority.

Intel's operations in Arizona go back more than 40 years. With this new expansion, Intel will employ nearly 16,000 Arizonans and will have invested more than $50 billion in the state. Intel operates four other fabs in Arizona, including Fab 42, the company's largest chipmaking factory in the United States and said to be the most advanced in the world. In addition to high-volume manufacturing, Arizona is also home to Intel's Assembly Test Technology Development group and functions like marketing, finance, human resources, legal, supply chain and logistics and more.

Intel's contributions to Arizona extend beyond jobs and manufacturing to also include supporting local schools and students, promoting healthy forests and rivers, providing pandemic relief and more. Since 2015, Intel and the Intel Foundation have given more than $35 million to support Arizona schools and nonprofits and employees have contributed more than 750,000 volunteer hours.

For more information contact:

Intel

5000 W Chandler Blvd.

Chandler, AZ 85226

www.intel.com

Arizona Commerce Authority

100 N 7th Avenue, Suite 400

Phoenix, AZ 85007

602-845-1200

www.azcommerce.com

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