Intel rumored to announce new factory this month


Intel is expected to announce its new multibillion-dollar research factory in Hillsboro later this month.

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Intel is expected to announce its new multibillion-dollar research factory in Hillsboro later this month.

Rumors have been swirling for months around plans for Oregon’s largest private sector employer, which just completed another stellar quarter.

It probably will not happen today, when Intel announces third-quarter financial results. The company may give a hint of what’s ahead, though, if executives discuss their capital spending forecasts or new technology ventures.

Details remain unclear, but at a minimum the project would create a few thousand short-term construction jobs and add several hundred skilled manufacturing or research employees to Intel’s Hillsboro work force.

“It won’t be the answer to Oregon’s economic recovery, but it’s really great news,” said Patrick Emerson, an Oregon State University economist and author of the Oregon Economics Blog.

Read more at OregonLive.com.

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