Wednesday January 15, 2014

Intel Shelves Cutting-Edge Arizona Chip Factory

According to Reuters, Intel has put off opening Fab 42 indefinitely. The company says this is all about "better capital utilization."

The "Fab 42" facility built in Chandler, Arizona, originally slated as a $5 billion project that in late 2013 would start producing Intel's most advanced chips, will remain closed for the foreseeable future while other factories at the same site are upgraded, said Intel spokesman Chuck Mulloy.