Governor Jan Brewer and Intel Announce Massive Expansion in Arizona

Governor Jan Brewer and Intel Announce Massive Expansion in Arizona

Multi-Billion-Dollar Investment to Generate Significant Number of New Jobs for Arizonans

PHOENIX, AZ (October 19, 2010) – Arizona Governor Jan Brewer joined executives from Intel Corporation today to announce the company’s plans to invest between $6 billion – $8 billion in manufacturing to support future technology advancements in its American facilities – including Intel’s factory site in Chandler. The investment will support the creation of 6,000 to 8,000 construction jobs and 800 to 1,000 new permanent high-tech jobs in the United States, a significant portion coming to Arizona.

“For thirty years Intel has contributed significantly to Arizona’s economic prosperity, through its break-through technologies and creation of high-paying jobs which generate stability and economic activity,” stated Governor Brewer. “Today’s announcement further demonstrates that Arizona is competitive when our policies create an environment which supports innovation, rewards investment, minimizes government intervention and encourages productivity. Arizona is competing, and we are witnessing the benefits.”

Intel’s investment will fund deployment of its next-generation 22-nanometer manufacturing (nm) process across several existing U.S. factories, including Intel’s factory site in Chandler. Intel’s next-generation, 22nm microprocessor will enable sleeker device designs, higher performance and longer battery life at lower costs.

“Today’s announcement is a testament of Governor Brewer’s leadership and plan to diversify our economy,” said Arizona Commerce Authority President and CEO Don Cardon. “The Authority will continue to work with our partners to help Arizona businesses like Intel achieve great success, grow here at home, and create more jobs.”

“I would also like to commend and recognize the leadership efforts of many who helped bring this announcement to fruition, including House Speaker Kirk Adams, City of Chandler Mayor Boyd Dunn, Representatives Steve Yarbrough, John McComish, Andy Tobin, and Senator Russell Pearce,” stated Governor Brewer.

“Today’s announcement reflects the next tranche of the continued advancement of Moore’s Law and a further commitment to invest in the future of Intel and America,” said Intel President and CEO Paul Otellini. “The most immediate impact of our multi-billion-dollar investment will be the thousands of jobs associated with building a new fab and upgrading four others, and the high-wage, high-tech manufacturing jobs that follow.”

Intel began operations in Arizona in 1980 when it established its Chandler facility, which has grown to become Intel’s 2nd largest site, employing approximately 9,700 employees. Since 1996, Intel has invested over $12 billion in high-tech manufacturing capability in Arizona and spends over $450 million each year in research and development. Intel contributes more than $2.6 billion in economic impact to Arizona including more than 20,000 additional jobs as a result of operations in the state.

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Media Contact:

Nicole McTheny, Senior Vice President, Communications and Marketing

Arizona Commerce Authority

602.845.1231 or nicolem@azcommerce.com

About the Arizona Commerce Authority:

The Arizona Commerce Authority (ACA) is the state’s leading economic development organization with a streamlined mission to grow and strengthen Arizona’s economy. The ACA uses a three-pronged approach to advance the overall economy: recruit, grow, create – recruit out-of-state companies to expand their operations in Arizona; work with existing companies to grow their business in Arizona and beyond; and partner with entrepreneurs and companies large and small to create new jobs and businesses in targeted industries. Visit AzCommerce.com for more.