Arizona officials hail Intel investment in plantsPosted: Updated:
PHOENIX -- Arizona officials hailed Intel Corp.'s announcement Tuesday that it plans to spend $3 billion to retrofit two chip-making factories in Chandler, saying the move will keep thousands of high-paying jobs in the state.
Intel has approximately 10,000 employees in Arizona, including 5,000 at chip-making plants in Chandler.
Company Vice President Joshua Walden says the upgrade of two of those plants into one facility is due in part to favorable tax policies.
Chandler Mayor Boyd Dunn says Intel's move helps keep "the economic engine running," while Gov. Jan Brewer says it indicates that Arizona is competitive with other states.
California-based Intel says it plans to spend a total of $7 billion upgrading factories in Arizona, New Mexico and Oregon.
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