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Released September 06, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Intel Corporation (NASDAQ:INTC) (Santa Clara, California) said Tuesday it has struck a deal to build chips for Tower Semiconductor (NYSE:TSEM) (Migdal Haemek, Israel) at its manufacturing plant in New Mexico. Industrial Info is tracking six projects worth more than $50 billion from Intel in the U.S., including a major upgrade at the aforementioned plant.
As part of the agreement, Tower Semiconductor will invest up to $300 million to "acquire and own equipment and other fixed assets" at Intel's Fab 11X chip-manufacturing facility in Rio Rancho, New Mexico to expand capacity for 300-millimeter semiconductor wafers, the companies said.
The agreement comes after Intel and Tower Semiconductor announced earlier this month they had scrapped a planned merger after Chinese regulators failed to approve the deal.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Plant Database can click here for a detailed profile of the plant, where Industrial Info is tracking a $3.5 billion upgrade project that is expected to wrap up by the end of the year. The project entails upgrading and modernizing an existing 350,000-square-foot building at the 218-acre complex and installing new production and assembly lines to convert the facility into Intel's global hub for manufacturing chips using its "Foveros" 3-D packaging technology. Subscribers to the GMI Project Database can click here to read a detailed project report.
Industrial Info is tracking three other projects from Intel in the U.S., each of which is under construction with an investment value of more than $1 billion.
The company is adding two semiconductor fabrication (fab) plants at its campus in Chandler, Arizona. Construction on Fab 52 and Fab 62 at its Ocotillo campus, on the southeastern outskirts of Phoenix, kicked off in early 2022. The two new plants will collectively total 670,000 square feet and bring the total number of fabrication plants at the site to six. The project is expected to be completed in late 2024. Click here for more details on the project.
Also underway is the construction of a grassroot semiconductor fab and grassroot computer-processor fab at its campus in New Albany, Ohio. The semiconductor plant will produce chips for the automotive and electronic device industries in the U.S., and the latter will produce chips for personal computers (PC) and data centers. Subscribers can read detailed reports on the semiconductor and computer-processor fabs. Engineering, procurement and construction (EPC) firm Bechtel Corporation (Reston, Virginia) is expected to wrap up both projects in 2026.
Subscribers to Industrial Info's GMI project and plant databases can click here for a full list of detailed reports for projects mentioned in this article and here for a full list of related profiles.
Subscribers can click here for a full list of detailed reports for active Intel projects in the U.S.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
As part of the agreement, Tower Semiconductor will invest up to $300 million to "acquire and own equipment and other fixed assets" at Intel's Fab 11X chip-manufacturing facility in Rio Rancho, New Mexico to expand capacity for 300-millimeter semiconductor wafers, the companies said.
The agreement comes after Intel and Tower Semiconductor announced earlier this month they had scrapped a planned merger after Chinese regulators failed to approve the deal.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Plant Database can click here for a detailed profile of the plant, where Industrial Info is tracking a $3.5 billion upgrade project that is expected to wrap up by the end of the year. The project entails upgrading and modernizing an existing 350,000-square-foot building at the 218-acre complex and installing new production and assembly lines to convert the facility into Intel's global hub for manufacturing chips using its "Foveros" 3-D packaging technology. Subscribers to the GMI Project Database can click here to read a detailed project report.
Industrial Info is tracking three other projects from Intel in the U.S., each of which is under construction with an investment value of more than $1 billion.
The company is adding two semiconductor fabrication (fab) plants at its campus in Chandler, Arizona. Construction on Fab 52 and Fab 62 at its Ocotillo campus, on the southeastern outskirts of Phoenix, kicked off in early 2022. The two new plants will collectively total 670,000 square feet and bring the total number of fabrication plants at the site to six. The project is expected to be completed in late 2024. Click here for more details on the project.
Also underway is the construction of a grassroot semiconductor fab and grassroot computer-processor fab at its campus in New Albany, Ohio. The semiconductor plant will produce chips for the automotive and electronic device industries in the U.S., and the latter will produce chips for personal computers (PC) and data centers. Subscribers can read detailed reports on the semiconductor and computer-processor fabs. Engineering, procurement and construction (EPC) firm Bechtel Corporation (Reston, Virginia) is expected to wrap up both projects in 2026.
Subscribers to Industrial Info's GMI project and plant databases can click here for a full list of detailed reports for projects mentioned in this article and here for a full list of related profiles.
Subscribers can click here for a full list of detailed reports for active Intel projects in the U.S.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
