Report: Intel in Rio Rancho could benefit from new chips deal with federal government [Yahoo! Finance]
Intel Corporation (INTC)
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Source: Yahoo! Finance
It isn't clear if the new contract with the federal government, which will provide $3 billion in direct funding to Intel, will have an impact on the company's Rio Rancho operations — which have greatly expanded this year with the opening of its Fab 9 factory, the site of Intel's 3D advanced packaging technology. In a news release announcing the funding, Intel said it is "advancing critical semiconductor manufacturing and research and development projects at its sites in Arizona, New Mexico, Ohio and Oregon." A report from Bloomberg, which was the first to announce the news, said the company is "still negotiating the terms of that broader incentive package, which is intended to support facilities in Arizona, Ohio, New Mexico and Oregon." A spokesperson for the company declined to comment on how the new award will affect its New Mexico operations, saying it is "not sharing anything other than what's in the press release." The new award would see Intel produce chips for the fede
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