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Intel announced US$7 billion investment for 7nm fab

Intel has announced plans to invest more than US$7 billion to complete Fab 42, which is expected to be the most advanced semiconductor factory in the world. The high-volume factory is in Chandler, Ariz., and is targeted to use a 7nm manufacturing process. It will produce microprocessors.

The 7nm semiconductor manufacturing process targeted for Fab 42 will be the most advanced semiconductor process technology used in the world once the fab is completed in 3-4 years.

Intel noted that it is America's largest high-technology capital expenditure investor (US$5.1 billion in the US 2015) and its third largest investor in global R&D (US$12.1 billion in 2015).