Processor giant Intel has announced that it will expand three of its processor factories by 60%. All this to solve future supply problems like the ones you are suffering right now.
We all know the problems that Intel is having today with the manufacture of its processors. So they have decided to expand factories in Israel, Oregon and Ireland. Three of the most important factories they have. All this comes since they have stock problems and have been forced to delay the arrival of the chips to 10nm. The worst of all is that this will not help us for the problem they have with the stock, but this is for future problems.
Now I'll add a statement from Intel's senior vice president and general manager of manufacturing.
Intel is transforming from a PC-centric company to a data-centric company, responding to the incredible appetite in the market for solutions that process, analyze, store and share information. As a result, we are now competing to win an estimated $ 300.000 billion total market for silicon - making a more diverse range of products with ever higher volumes for a broader set of customers. Intel is not just the CPU inside a personal computer. We are the security features in your car, the wireless connection in your phone, the intelligence in the cloud and much more. Intel's ability to optimize and apply our manufacturing expertise to deliver more advanced and differentiated products is critical to our current and future success.
This year, we raised our capex forecast and put that money to work expanding our 14nm manufacturing capacity to increase supply. We also made great strides in the previously announced schedule for equipping Fab 42 in Arizona, and made the decision to locate the development of a new generation of memory and storage technology at our New Mexico manufacturing facility. Looking ahead, we are in the early planning phase of manufacturing facility expansions in Oregon, Ireland, and Israel, with construction activities expected to begin in 2019. ”
