Intel to build $5 billion chip plant
February 19, 2011 1 Comment
Intel CEO Paul Otellini made the announcement today at the company’s plant in Hillsboro, Ore., after he gave a tour of the facility to President Barack Obama. (Obama named Otellini to the jobs and competitiveness council today.)
Construction of the new factory, to be called “Fab 42,” will start in the middle of this year. The facility is expected to create 4,000 new jobs and will be the most advanced high-volume semi-conductor factory in the world, Intel said.
Obama visited Intel to highlight the company’s support for education in science, technology, engineering and math. The previous night, the president huddled with a dozen high-tech executives — including Apple CEO Steve Jobs, Facebook CEO Mark Zuckerberg and Google CEO Eric Schmidt — for dinner in Silicon Valley to discuss technology, jobs and education.
Obama says investments in education are critical for producing American workers qualified for high-tech jobs.