More cash for fabs

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Processor maker Intel plans to invest $345 million to increase the capacity of the company’s wafer fabrication facilities.

Processor maker Intel plans to invest $345 million to increase the capacity of its wafer fabrication facilities in Hudson, MA and in Colorado Springs, CO.

In Colorado Springs, $190 million will be invested as part of an upgrade to a clean room that will allow Intel to complete final processing steps for microprocessors prior to final testing and packaging.

Construction on the project is set to begin immediately, which will allow processing of advanced microprocessors in the second half of 2007. The project is expected to create several hundred new jobs in Colorado Springs over the next three years.

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