Intel stated that it plans to invest $7 billion USD in U.S. manufacturing facilities as part of its 2-year plan to focus on leading-edge technologies.
The news of Intel's big spending spree comes directly from the mouth of Intel president and CEO, Paul Otellini. He states that the huge investment will fund the deployment of Intel's 32 nm manufacturing technology used to build faster, smaller chips that consumer less energy. And after the gloom and doom of recent weeks involving closures and layoffs, the company's new investment - its largest for a new manufacturing process so far - sounds like a breath of fresh air...
More here: TomsHardware
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