The Intel Corporation, long a major player in the economic life of New Mexico, is set to upgrade two of its massive facilities in Sandoval County.
The move comes as the Santa Clara, California company has reached an agreement resulting in some $8.5 billion in new funding out of Washington through the CHIPS and Science Act.
According to a release issued by the New Mexico Economic Development Department, Intel “expects its investments in the United States to exceed $100 billion, as it expands capacity and capabilities in Arizona, New Mexico, Ohio, and Oregon.”
It is additionally thought that the company’s expansion efforts will bring a dividend of around 20,000 construction jobs and 10,000 permanent manufacturing jobs.
More specifically for New Mexico, Intel plans to modernize two of its fabrications and semiconductor production facilities into advanced packaging facilities. The end result of the changeover will see the creation of the largest advanced packaging facility in the country.
Founded in 1968, Intel completed its first $70 million plant in Rio Rancho in 1981. It has to date invested more than $16 billion in its New Mexico operations.
By Garry Boulard
