With $4 billion in facility-specific investment and 700 permanent operating jobs announced, this project clears both of AFT's qualifying thresholds ($100 million in facility-specific investment OR 100 permanent operating jobs). This project also meets AFT's primary-source verification and physical U.S. manufacturing-footprint requirements.
View full methodology →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.
At a glance
- Company
- Intel
- Industry
- Semiconductors
- Location
- Rio Rancho, New Mexico
- Investment
- $4.00B
- Permanent jobs announced
- 700
- Status
- Operational
- Announced
- May 3, 2021
- Operations began
- Jan 24, 2024
- Added to tracker
- Feb 21, 2026
Official references
- Intel's January 24, 2024 Fab 9 opening announcement https://www.intc.com/news-events/press-releases/detail/1670/intel-opens-fab-9-in-new-mexico
- Intel's $4 billion-plus Rio Rancho construction update https://newsroom.intel.com/intel-foundry/updates-intel-10-largest-construction-projects
- Intel's original Rio Rancho expansion announcement https://www.intc.com/news-events/press-releases/detail/1464/intel-to-invest-3-5-billion-to-expand-new-mexico
- NIST CHIPS Rio Rancho location page https://www.nist.gov/chips/intel-corporation-new-mexico-rio-rancho