[Reuters] Intel to invest $7 billion in U.S. as recession deepens

Posted by: UGN Security

[Reuters] Intel to invest $7 billion in U.S. as recession deepens - 02/10/09 03:20 PM

NEW YORK/SAN FRANCISCO (Reuters) - Intel Corp plans to invest $7 billion over two years to build next-generation U.S. chip manufacturing plants, unveiling its biggest spending plan for new technology amid a deepening economic recession and huge internal job cuts.