Intel has struggled to shrink circuitry, key to making processors competitive and profitable.
Stephen Shankland/CNET
Intel plans to announce on Monday a $3.5 billion investment to upgrade a Rio Rancho, New Mexico, chip manufacturing plant. That spending, combined with $20 billion to build two new facilities in Arizona, is part of a major effort by the chipmaker to rejuvenate its manufacturing.
Intel confirmed the $3.5 billion upgrade, first reported on CBS’ 60 Minutes on Sunday. Intel manufacturing chief Keyvan Esfarjani plans to detail the plan at a press…
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