Search
 

Intel to Invest $1 Bil in Plant

HUDSON, MA-Intel Corporation plans to do its first major construction work on its manufacturing plant here. The world's largest chip maker plans to build an addition to its chip-making facility as well as invest in manufacturing equipment.

By Naomi Grossman | Updated on December 17, 2000

HUDSON, MA-Intel Corp., the world’s largest chip maker, plans to enlarge its manufacturing plant here, to enable it to make the company’s most advanced computer processors, such as the Pentium 4 and the new Itanium. The investment, which will be largely in manufacturing equipment, also includes $250 million to build an addition to the Fab 17 chip-manufacturing facility.

“Our initial investment went very well,” Patrick Ward, the company’s local spokesman tells GlobeSt.Com. Ward is referring to the $800 million Intel has invested in the plant over the past year to upgrade the microchip factory. “This investment will continue to prepare Intel to be the leader in the industry.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.