Construction equipment prepares the site for two new chip factories at Intel Corporation’s Ocotillo campus in Chandler, Arizona, in September 2021. The site will be home to Intel Fab 52 and Fab 62. The project pricetag of $20 billion constitutes the largest private-sector investment in Arizona history. (Credit: Intel Corporation)
By Brandon Brown | Phoenix Business Journal
Intel Corp. (Nasdaq: INTC) is bringing close to $20 billion worth of investment and thousands of jobs to the East Valley, and for its part, the city of Chandler is looking at throwing in $20 million to make sure the plants have enough water and another $10 million on road work.
This week the Chandler City Council will decide whether to authorize a development agreement between the city and Intel, and part of that would include the financing and construction of public infrastructure needed to serve Intel’s expansion of its manufacturing facility.
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