Multi-Billion Dollar Intel Chip Factory To Remain Vacant In Arizona


Intel will be leaving a new multibillion-dollar computer-chip factory in Chandler, Arizona, vacant. The facilities, known as Fab 42, was completed last year, and billed as the most advanced high-volume semiconductor-manufacturing facility in the world. Intel says the buildings will be used at a future date, the delay being a result of soft demand.

President Obama had touted the factory as a symbol of the future of U.S. manufacturing, two years ago. It was expected to bring 1,000 jobs and a $5.2 billion company investment.

Intel makes its microprocessors in the United States, Ireland, Israel and China. The company has two other units, Fab 12 and Fab 32, operational in Chandler.

The story was first reported by Arizona Central. You can read the report here. 

[Image courtesy: Intel]

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.