| | | Intel Starts Planning for Multiyear Manufacturing Site Expansion Projects in Oregon, Ireland and Israel
MT NEWSWIRES 3:13 PM ET 12/17/2018
Symbol Last Price Change | INTC | 46.82 | -1.04 (-2.17%) | | QUOTES AS OF 03:28:38 PM ET 12/17/2018 |
03:13 PM EST, 12/17/2018 (MT Newswires) -- Intel(INTC) , the semiconductor company which is transforming to a data-centric company from a PC-centric company, said on Monday it is now in the early planning phase for manufacturing site expansions in Oregon, Ireland and Israel, with multi-year construction activities expected to begin next year.
"Having additional fab space at-the-ready will help us respond more quickly to upticks in the market and enables us to reduce our time to increased supply by up to roughly 60 percent," Ann Kelleher, general manager of manufacturing and operations at Intel(INTC), said in a blog post publshed on the company's website on Monday.
She said Intel(INTC) will be working through discussions and permitting with local governments and communities in the coming weeks and months.
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