Intel has struggled to shrink circuitry, key to making processors competitive and profitable.
Stephen Shankland/CNET
Intel on Monday plans to announce a $3.5 billion upgrade to a chip manufacturing plant in Rio Rancho, New Mexico. 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.
The chipmaker on Sunday confirmed the $3.5 billion upgrade plan, first reported on CBS’ 60 Minutes. Intel manufacturing chief Keyvan Esfarjani will detail the plan at a press…
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