Intel To Invest $3.5 Billion In New Mexico Fab Upgrade for Foveros Tech (Updated)

URLhttps://www.tomshardware.com/news/intel-to-invest-
SourceTom's Hardware
Date Published05/04/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Intel Corporation
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Reshoring
Total number of jobs (added or to be added):700
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):3500
City reshored to:Rio Rancho
State(s) reshored to:NM
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshored3D-stacked chips, 7nm Meteor Lake chips
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Under-utilized capacity, Other, import replacement
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