New Mexico Business Weekly has an article on Intel’s Fab 11X build out. This is the factory I work for.
When Intel Corp. finishes upgrading its chip-making factory in Rio Rancho next year, it will operate one of the world’s largest clean rooms.
The company started a $2.5 billion upgrade to its Fab 11X manufacturing complex early this year to produce Intel’s next generation, 32 nanometer chip technology. The new chips are smaller and faster and consume less energy than Intel’s current 45 nanometer chip technology.
When the upgrade is complete, Fab 11X will include 400,000-square-feet of clean room space, said Tim Hendry, vice president of the Intel Technology Manufacturing Group and the Fab 11X plant manager.
“It will be the largest clean room operated by Intel globally, and one of the largest in the world in general,” Hendry said. “The corridor that runs along the outside edge of the clean room is a quarter-mile long.”
Sometimes I have to walk the distance of that factory frequently. It’s a good way to get exercise. Read the whole article at New Mexico Business Weekly.
There were 50 people laid off at the Intel Rio Rancho site on Monday according to New Mexico Business Weekly. They were part of the CS group.
“The new layoffs will affect corporate service groups that have responsibilities for overseeing facilities and operations,” Shipley said. “The layoffs announced last month are more specific to our manufacturing groups.”
These layoffs were announced in November of 2008 before the 100 – 200 layoffs were announced but not widely reported. So far no one I know was let go but I haven’t heard from everyone yet. My thoughts go out to anyone who was let go.
The declines were greatest in the cities of Albuquerque and Rio Rancho. In the Duke City, 223 permits were issued in March compared with 524 in March 2006. For Rio Rancho, just 124 permits were obtained this March compared to 336 a year ago.
New home permits plunge by more than 50 percent – New Mexico Business Weekly.
Monthly home re-sales continue to slip – New Mexico Business Weekly
The 14 percent, representing the sale of 741 homes last month vs. 861 homes sold during the same month last year, is for detached, single family homes and is a continuing trend that dates to mid-2006. With fewer buyers in the market, the average days on the market has gone from 72 days in February of 2006 to an average of 82 days this February. Month-to-month, there was a 3 percent decline in the number of new listings for sale, a dip from 1,952 in January 2007 to 1,897 in February.
There are three houses for sale on my street, they have sat there for a few months. Glad I’m not selling, wish I had some money to buy.