May 9, 2021

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Intel To Invest $ 3.5bn New Mexico Factory

Chip giant Intel is to expand its manufacturing capability at its New Mexico plant, and add 3D manufacturing capabilities

Intel will invest $ 3.5 billion to expand manufacturing at its Rio Rancho chip plant in New Mexico, amid a global semiconductor shortage.

According to Intel’s announcement, the factory will expand to make “breakthroughs in advanced semiconductor packaging technologies”, including 3D packaging technology called ‘Foveros.’

The New Mexico expansion follows Intel’s announcement in March, when it said it would do so spent $ 20 billion to build two new fab (semiconductor factories) in Arizona.

New Mexico

The $ 3.5 billion investment in the Rio Rancho campus however will create “at least 700 high -tech jobs and 1,000 construction jobs and will support an additional 3,500 jobs in the state,” the maker said. chip.

Intel further added that planning activities will begin immediately, with construction expected to begin in late 2021.

“A key variation for our IDM 2.0 strategy is our unwavering leadership in advanced packaging, which allows us to mix and match computing tiles to deliver the best products, ”explains Keyvan Esfarjani, Intel senior VP and GM of manufacturing and operations.

“We are seeing tremendous interest in these capabilities from the industry, especially following the introduction of our new Intel Foundry Services,” Esfarjani said. “We are proud to have invested in New Mexico for over 40 years and we see our campus in Rio Rancho continuing to play a critical role in Intel’s global manufacturing network in our new IDM 2.0 era.”

Intel said the ‘Foveros’ 3D packaging technology is remarkable because it allows Intel to build processors with compile tiles stacked vertically, rather than side by side.

This is important because it provides more performance with a smaller footprint.

It also allows Intel to mix and match computing tiles to optimize for cost and power efficiency.

Forty years of existence

The move from system-on-chip to “system on package” will enable Intel to meet increasing computing performance demands for artificial intelligence, 5G and the edge, the chip giant said.

“Intel’s $ 3.5 billion investment in New Mexico will create 700 new jobs over the next three years and establish the Rio Rancho campus as the company’s domestic hub for advanced semiconductor manufacturing,” said New Mexico Govenor Michelle Lujan Grisham.

Intel’s presence has had a presence in New Mexico since 1980, and over the years has invested $ 16.3 billion to support its operations in the U.S. state.

The facility currently employs more than 1,800 people, and the company said it also purchased renewable energy to meet 100 percent of its electricity use in New Mexico.

Intel also said it is investing in energy-saving measures at the site.