Connect with us


Intel will invest billions in new factories



Intel will invest billions of dollars in the US to build its chip factory, according to Intel CEO. Specifically, Intel is investing $ 3.5 billion to modernize its Rio Rancho plant in New Mexico. The company will announce this plan next week.

Intel previously announced it is moving to IDM 2.0. The Rio Rancho plant will manufacture chips for third parties. At the same time, after the completion of the upgrade, the production of its own microcircuits will also increase. Intel previously announced a $ 20 billion investment to build a plant in Arizona and seek grants from the US government.

On Sunday, Intel’s CEO paid a one-day visit to Israel to inspect the manufacturing facility under construction. He announced a $ 600 million investment plan in Israel to significantly expand the local R&D department and increase manufacturing capacity.

Intel is investing $ 400 million in its subsidiary Mobileye to research and develop autonomous driving technologies. The company is headquartered in Jerusalem and was acquired by Intel at a high price of $ 15.3 billion in 2017. In the future, the company will develop fully autonomous delivery vehicles.

The company is investing an additional $ 200 million in Israel to build a new plant for the production of next-generation microcircuits. In addition, Intel also said it will recruit around 1,000 locally this year.

In 2019, Intel acquired chipmaker Habana Labs for $ 2 billion. In 2020, the company also acquired the smart transportation company Moovit for $ 900 million.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Latest News

Electric Cars32 seconds ago

Volvo owner unveils brand new Geely Emgrand sedan

Chinese automaker Geely, which owns Volvo and has a stake in Daimler AG, has submitted the necessary documents to the...

Phones21 mins ago

OLED screen, 5G, 64MP and 66W in a slim body. Honor Play 5 smartphone presented

Honor today unveiled the Play 5 smartphone in China – a fairly compact model with 5G support. The novelty is...

Software23 mins ago

WhatsApp can permanently hide annoying chats

The team of the popular messenger WhatsApp has begun testing a new convenient feature that will especially appeal to those...

News43 mins ago

The final version of HarmonyOS 2.0 is out on June 2nd. 300,000 people have already received the update

Chinese sources have learned from a senior Huawei official familiar with the matter that HarmonyOS 2.0 will be officially released...

Phones44 mins ago

Redmi Note 10 Pro received stable MIUI 12.5

The Redmi Note 10 Pro smartphone has received the MIUI 12.5 stable update, which is available in India, Europe and...

Laptops53 mins ago

Apple to release redesigned MacBook Pro with new SoC very soon, which will be the first sign of a whole series of new products

Apple is preparing new MacBook Pro laptops and other Macs soon to be released. This was told by the editor...

Phones54 mins ago

One-click camera or battery replacement. Xiaomi may have a modular smartphone

The idea of ​​a modular smartphone that involves a quick change of the camera, screen or battery has been known...

Headphones56 mins ago

No Apple AirPods or HomePod models support new lossless audio on Apple Music

Yesterday it became known that support for Spatial Audio and Dolby Atmos technologies, as well as Lossless Audio, are being...


Most Popular