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.
In Hudson, Intel's $155 million investment will be used to increase overall capacity by adding new manufacturing equipment and reconfiguring portions of the factory. The additional capacity will be used to manufacture a variety of logic products. The investment will result in the creation of more than 300 new manufacturing jobs.
Separately, the company also announced that after an extensive search for a suitable location it has signed an agreement to purchase office property in Fort Collins, CO to be used as a design centre to house a portion of the company's Itanium processor design team.
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