Intel to Spend Up to $8B on US Manufacturing

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Intel to Spend Up to $8B on US Manufacturing

NEW YORK (AP) — Intel says it will spend $6 billion to $8 billion on new chip manufacturing technology in its U.S. factories and will build a new development plant in Oregon.

Intel Corp. said Tuesday the investment will create between 6,000 and 8,000 construction jobs and 800 to 1,000 permanent high-tech jobs across its U.S. operations in Oregon and Arizona. It also helps the company keep its current base of factory workers at its U.S. sites in these states.

It says its new Oregon facility is scheduled to start up in 2013.

Intel is the world's largest maker of microprocessors, the "brains" of computers. The company says three-fourths of its microprocessor manufacturing happens in the U.S.

http://www.nytimes.com/aponline/2010/10/19/technology/AP-US-TEC-Intel-Manufacturing.html?_r=1&hpw

It's good to hear a little good economic news. The article does say that Intel's shares fell 10¢ this morning. Job creation is bad news?