In an effort to expand its computer chip production, the Intel Corporation has announced plans to build two new semiconductor factories in Chandler, Arizona.
The new facilities will go up on the technology giant’s Ocotillo campus, adding to the four plants that the company already operates there.
It is thought that it will cost at least $20 billion to build the new chip factories, with planning expected to launch within weeks.
Based in Santa Clara, California, Intel is the largest semiconductor chip manufacturer in the world, seeing revenues in excess of $77 billion last year.
Founded in 1968, the company also manufactures graphics chips, integrated circuits, and motherboard chipsets, among many other products.
The company has a long relationship with Chandler, building an initial two factories there in 1979 when it primarily specialized in computer memory devices.
In 2013, the company completed work on a $5 billion microprocessor plant in Chandler.
In a statement, Keyvan Esfarjani, an Intel vice president, noted that Arizona has been vital to the company’s ability to create the world-changing technology we all depend on.”
Continued Esfarjani: “This new investment will advance the ecosystem we’ve helped create in Arizona and increase U.S. semiconductor manufacturing capacity.”
The new Intel buildings in Chandler are expected to be completed by 2024.
Meanwhile, the company has also said that it will announce plans for the construction of other production facilities both in the U.S. and elsewhere later this year.
By Garry Boulard
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