Intel’s contribution to the U.S. economy: hundreds of thousands of jobs, billions in GDP, and growing
As the only leading-edge U.S. semiconductor company that both develops and manufactures its own technology, Intel has a widespread economic impact in every sector of the U.S. economy. We directly employ almost 52,000 men and women in the U.S., and Intel’s operations support over 721,000 jobs across the U.S., adding over $102 billion to the U.S. GDP.
Intel is committed to expanding this contribution even further by helping the U.S. create a more advanced, robust, sustainable, resilient and secure semiconductor manufacturing capacity. That’s why we announced our IDM 2.0 plan. In our plan, we announced a $20 billion investment to build two new factories (“fabs”) in Arizona, which is expected to create over 3,000 permanent high-tech, high-wage jobs; over 3,000 construction jobs; and approximately 15,000 local long-term jobs. Intel also announced plans to invest $3.5 billion in New Mexico for advanced packaging, which is expected to create at least 700 high-tech jobs and 1,000 construction jobs and support an additional 3,500 jobs in the state.
On September 9, 2022, Intel broke ground on a $20 billion project to build two new leading-edge chip factories in New Albany, Ohio. At full buildout, the total investment in the site could grow to as much as $100 billion over the next decade and is expected to create 3,000 Intel jobs and 7,000 construction jobs.
Intel intends to help the U.S. maintain its technological leadership and regain its rightful place as a leading manufacturer of semiconductors. In doing so, we’ll also be contributing to job growth throughout the U.S. and to fostering a vibrant innovation ecosystem that creates new opportunities for U.S. workers, communities, universities and other companies.