Intel's two semiconductor plants under construction at its Ocotillo campus in Chandler, Ariz.—and expected to come on line in 2024—are intended to help relieve the U.S. shortage of microchips. The $20-billion project is even larger than the firm's previous Arizona plant.
The 700-acre campus will contain a total of six plants, known as “fabs,” with the addition of Fab 52 and Fab 62, for which.the Santa Clara, Calif.-based tech company announced official groundbreaking on Oct. 1. It says the expansion will help the U.S. regain ground in semiconductor manufacturing and alleviate some supply chain issues related to microchips. As ENR previously reported, a shortage of microchips and semiconductors has forced automakers to slow production.