Thread: Intel to spend $7 billion on upgrading factories

In the next two years Intel is expected to invest approximately $7 billion for upgrading the current infrastructure. While people worldwide are balking over global recession such a move from Intel points to the lust which have been known to occupy the minds of chip makers. And such a decision has come in the light of the recent job cuts by Intel. According to Intel, such an investment is being done for the very first time in the history of the company and were primarily meant for mastering the new 32 nanometer chip processing technology.

http://www.cnbc.com/id/29118522

They are doing that to make their factories more green too. AMD has also been doing that. Good to see these big companies getting Bigger(more jobs for us )