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Technology Stocks : Semi Equipment Analysis
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From: Sam10/27/2019 8:52:49 AM
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Intel says huge new Oregon factory will add 1,750 jobs

oregonlive.com

Intel forecasts its huge new Hillsboro factory will increase the company’s Oregon workforce by about 9 percent, 1,750 more jobs in total, according to permitting documents submitted to city planners.

The chipmaker is already the state’s largest corporate employer. The additional jobs would bring its Oregon workforce near 22,000.

Intel has declined to discuss details of its project but confirmed its plans last week to its Hillsboro neighbors. The new facility will adjoin two existing factories known collectively as D1X.

Intel hasn’t disclosed a price tag for the work. But new chip factories, known in the industry as fabs, run several billions of dollars apiece. The work will surely be among the largest capital projects in Oregon history.

This third phase of D1X, called Mod3, will be 1.5 million square feet, according to permitting documents Hillsboro released in response to a public records request.

That’s slightly larger than each of the first two phases and will increase D1X by 60 percent altogether, to just under 4 million square feet. The three phases will be interconnected but will have independent mechanical and electrical systems.

Additionally, Intel said it plans a six-story, 1 million square foot support structure with utility services and 2,200 parking spaces.

Christian Dieseldorff, principal analyst for the industry trade group SEMI, said a fab of the size Intel is seeking would cost between $4 billion and $5 billion. Construction cost represents up to a quarter of that, he said. The remainder would be spent equipping the facility.'

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