Why it matters
The semiconductors context.
Semiconductor fabrication plants, known as fabs, rank among the most capital-intensive industrial facilities ever built—often requiring $10–$30 billion and several years from groundbreaking to initial production. The CHIPS and Science Act of 2022 accelerated a U.S. construction cycle spanning advanced chip fabrication, legacy-node production, semiconductor equipment, packaging, and critical materials. These projects create long-term manufacturing footprints while attracting suppliers, infrastructure investment, and specialized technical work.
Project record
At a glance
- Company
- Intel (Fab 11X Rio Rancho)
- Industry
- Semiconductors
- Location
- Rio Rancho, New Mexico
- Investment
- $3.50B
- Permanent jobs announced
- 700
- Status
- Operational
- Announced
- May 3, 2021
- Operations began
- Jan 1, 2024
- Added to tracker
- Feb 21, 2026
Sources
Official references
- Primary source https://www.intc.com/news-events/press-releases/detail/1464/intel-to-invest-3-5-billion-to-expand-new-mexico
Related
Other projects to know
Across Semiconductors
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