Intel to Invest $3.5 Billion to Expand New Mexico Manufacturing Operations

What’s New:
Intel Cor­po­ra­ti­on will invest $3.5 bil­li­on to equip its New Mexi­co ope­ra­ti­ons for the manu­fac­tu­ring of advan­ced semi­con­duc­tor pack­a­ging tech­no­lo­gies, inclu­ding Fover­os, Intel’s bre­akthrough 3D pack­a­ging tech­no­lo­gy. The mul­ti­ye­ar invest­ment is expec­ted to crea­te at least 700 high-tech jobs and 1,000 con­struc­tion jobs and sup­port an addi­tio­nal 3,500 jobs in the sta­te. Plan­ning acti­vi­ties begin immedia­te­ly, with con­struc­tion expec­ted to start in late 2021.

A key dif­fe­ren­tia­tor for our IDM 2.0 stra­te­gy is our unques­tio­ned lea­ders­hip in advan­ced pack­a­ging, which allows us to mix and match com­pu­te tiles to deli­ver the best pro­ducts. We’re see­ing tre­men­dous inte­rest in the­se capa­bi­li­ties from the indus­try, espe­cial­ly fol­lowing the intro­duc­tion of our new Intel Found­ry Ser­vices. We’re proud to have inves­ted in New Mexi­co for more than 40 years and we see our Rio Ran­cho cam­pus con­ti­nuing to play a cri­ti­cal role in Intel’s glo­bal manu­fac­tu­ring net­work in our new era of IDM 2.0.”

–Key­van Esfar­ja­ni, Intel seni­or vice pre­si­dent and gene­ral mana­ger of Manu­fac­tu­ring and Operations

What Fover­os Is: Fover­os advan­ced 3D pack­a­ging tech­no­lo­gy enab­les Intel to build pro­ces­sors with com­pu­te tiles sta­cked ver­ti­cal­ly, rather than side-by-side, pro­vi­ding grea­ter per­for­mance in a smal­ler foot­print. It also allows Intel to mix and match com­pu­te tiles to opti­mi­ze for cost and power effi­ci­en­cy. The move from sys­tem-on-chip to “sys­tem on packa­ge” will enab­le Intel to meet incre­a­sing com­pu­ting per­for­mance needs for arti­fi­cial intel­li­gence, 5G and the edge.

Why It Mat­ters: Intel’s glo­bal fac­to­ry net­work is a com­pe­ti­ti­ve advan­ta­ge that enab­les pro­duct opti­miz­a­ti­on, impro­ved eco­no­mics and sup­ply resi­li­en­ce. Inves­ting in the company’s manu­fac­tu­ring ope­ra­ti­ons is a key com­po­nent of its recent­ly announ­ced IDM 2.0 stra­te­gy. The tech­no­lo­gies cur­r­ent­ly deve­lo­ped and manu­fac­tu­red at the Rio Ran­cho site — Intel® Opta­ne™ tech­no­lo­gy, embed­ded mul­ti-die inter­con­nect bridge and Intel® sili­con pho­to­nics tech­no­lo­gy — play important roles in Intel’s new era of inno­va­ti­on by sim­pli­fy­ing and opti­mi­zing semi­con­duc­tor memo­ry, pack­a­ging, and connectivity.

Intel’s $3.5 bil­li­on invest­ment in New Mexi­co will crea­te 700 new jobs in the next three years and estab­lish the Rio Ran­cho cam­pus as the company’s domestic hub for advan­ced semi­con­duc­tor manu­fac­tu­ring,” said New Mexi­co Gov. Michel­le Lujan Gris­ham. “With this exci­ting deve­lo­p­ment, we are alrea­dy see­ing the bene­fits of this year’s legis­la­ti­on expan­ding LEDA, genera­ting high-qua­li­ty and high-paying jobs for New Mexi­cans. The sta­te and Intel have a 40-year part­ners­hip, and today, with inno­va­ti­ve eco­no­mic deve­lo­p­ment tools and glo­bal demand for this tech­no­lo­gy, we can cele­bra­te a new genera­ti­on of workers and job growth at Intel’s New Mexi­co manu­fac­tu­ring plant.”

About Intel in New Mexi­co: Sin­ce 1980, Intel has inves­ted $16.3 bil­li­on in capi­tal to sup­port its New Mexi­co ope­ra­ti­ons and cur­r­ent­ly employs more than 1,800 peop­le at the site. Its annu­al eco­no­mic impact in the sta­te is $1.2 bil­li­on, based on 2019 data.

Intel is com­mit­ted to cor­po­ra­te respon­si­bi­li­ty and addres­sing com­mu­ni­ty needs. The com­pa­ny purcha­ses rene­wa­ble ener­gy to meet 100% of its New Mexi­co electri­ci­ty use and invests in ener­gy-saving mea­su­res. To reach its goal of achie­ving net posi­ti­ve water use by 2030, Intel has fun­ded two non­pro­fit-led water res­to­ra­ti­on pro­jects bene­fi­t­ing New Mexi­co. Over the past five years, employees vol­un­te­e­red 106,000 hours and Intel and the Intel Foun­da­ti­on dona­ted more than $8.5 mil­li­on in sup­port of New Mexi­co schools and nonprofits.

More Con­text: Intel in New Mexi­co (Press Kit) | Intel Announ­ces New Mexi­co Invest­ment (Replay)

The Small Print:
For­ward-Loo­king State­ments: State­ments in this press release that refer to future plans and expec­ta­ti­ons, inclu­ding with respect to Intel’s plan­ned New Mexi­co invest­ment and Intel’s stra­te­gy, are for­ward-loo­king state­ments that invol­ve a num­ber of risks and uncer­tain­ties. State­ments that refer to or are based on esti­ma­tes, fore­casts, pro­jec­tions, uncer­tain events or assump­ti­ons also iden­ti­fy for­ward-loo­king state­ments. Such state­ments are based on management’s expec­ta­ti­ons as of the date of this press release and invol­ve many risks and uncer­tain­ties. Important fac­tors that could cau­se actu­al results to dif­fer mate­ri­al­ly are set forth in Intel’s SEC filings, which are avail­ab­le at Intel does not under­ta­ke, and express­ly dis­c­laims any duty, to update any state­ment made in this press release, whe­ther as a result of new infor­ma­ti­on, new deve­lo­p­ments or other­wi­se, except to the extent that dis­clo­sure may be requi­red by law.

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