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- Intel is building two new chip factories in Arizona, costing $20 billion each12345. The factories, known as Fab 52 and Fab 62, are expected to start production in 20242. The project is part of Intel's plan to expand its semiconductor manufacturing in the U.S. and compete with other chipmakers like TSMC, which is also building a factory in Arizona145. The new factories will create about 3,000 jobs in Chandler, Arizona23.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.U.S. semiconductor giant Intel announced in March that it plans to spend $20 billion on two new chip plants in Arizona. Separately, TSMC (Taiwan Semiconductor Manufacturing Company) said it was going to build a $12 billion factory in Arizona, and chief executive C.C. Wei said Wednesday that construction had already begun.www.cnbc.com/2021/06/04/why-intel-tsmc-are-buil…This empty dirt lot in Chandler, Arizona, is where Intel has begun building Fab 52 and Fab 62, a pair of chip factories costing $10 billion each that should go online in 2024. The new fabs should add about 3,000 jobs on top of today's 12,000 for Intel's Arizona operations.www.cnet.com/pictures/a-look-inside-intels-mamm…Amid a semiconductor shortage, supply chain issues and a 26-year-long drought, Intel broke ground on its two new factories worth $20 billion on Sept. 24 on its Ocotillo campus in Chandler, Arizona.www.constructiondive.com/news/intel-breaks-grou…Intel announced on Tuesday that it will spend $20 billion to build two major factories in Arizona. The news comes amid a worldwide chip shortage that is snarling industries from automobiles to electronics and worries the U.S. is falling behind in semiconductor manufacturing.www.cnbc.com/2021/03/23/intel-is-spending-20-billi…Intel’s plan to spend $20 billion on the project, along with TSMC’s later pledge to invest $26 billion for semiconductor manufacturing in Arizona, made up the bulk of the $58 billion in private investment in Arizona that is being touted by federal and state officials.cronkitenews.azpbs.org/2023/03/31/arizonas-58-bil…
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