Intel invests $7 billion into US plants to prep for transition to 32nm

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Despite the fact that the economy has hit a stumbling block and many companies are begging the government for cash just to stay afloat, some businesses are going in the opposite direction.  Intel is just such a company; not planning to save their pennies during this recession, they’ve decided to spend — and spend big.

By using all saved up cash, no borrowing, Intel plans on investing $7 billion into US plants and operations, on their way to a 32nm fabrication process.  In addition to pumping money into the economy, the move by Intel will actually save a further 7,000 jobs, which is a nice change to report for once.

 

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