Intel starts work on $400 million upgrade at GOG facility

       Intel Corp. today has announced plans to invest up to $400 million to upgrade its Colorado Springs operations at 1575 Garden of the Gods Road. Construction will begin immediately and completion is anticipated by the 4th quarter of 2005 on a multiphase project to construct a second clean room module within the existing Fab 23 structure. The second module will implement a new 130 nanometer manufacturing process on 200 mm wafers to manufacture products for Intel's communications group.
       The first phase of the project is budgeted at $43 million. The cost was anticipated as part of the company's capital expense forecast.
       “The new module will enable us to better deliver products for our communications business,” said Morgan Burke, Fab 23's plant manager. “Addition-ally, the new manufacturing process will utilize existing Intel 200 mm manufacturing tools, thereby reducing the overall cost of deploying this new technology. By implementing the new process with these proven tools we improve our overall capital utilization and shorten the construction cycle.”
       The project is expected to mean additional jobs for the Colorado Springs facility.
       In addition to chips, Intel manufactures computer, networking and communications products. Additional information about Intel is available at www.intel.com.

From a press release