Intel Will Upgrade Rio Rancho Plant

Intel Corp. said on Monday it will spend $1 billion to $1.5 billion to retool a factory in New Mexico, which will start to make chips with cutting-edge 45-nanometer-wide transistors in the second half of 2008.

The factory to be renovated in Rio Rancho, New Mexico, is known as Fab 11X and will be the fourth Intel plant to use 45-nanometer technology, which includes new materials that boost chip efficiency by cutting leakage of electrical current.

My employment is secure.

Here’s a little bit more information about the IRB that was used to fund this upgrade. Looks like there’s some money left in the pot.

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