# Intel invests $3.5B in New Mexico plant modernization

Intel announced a $3.5 billion investment to modernize its Rio Rancho, New Mexico plant to produce advanced packaging systems for stacking microchip tiles.

- Type: Investment
- Announced: 2021-05-03
- Where: Rio Rancho, New Mexico, United States
- Value: $3.50B
- Status: announced
- Products: advanced microchip packaging
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Intel](https://endata.com/companies/21062.md)

## Sources

- [apnews.com](https://apnews.com/article/nm-state-wire-new-mexico-health-coronavirus-technology-89139a8c82687d42902bad78184728c7), 2021-05-03: "Intel Senior Vice President for Manufacturing and Operations Keyvan Esfarjani announces the company's plans to invest $3.5 billion in its New Mexico operations."
- [santafenewmexican.com](https://www.santafenewmexican.com/news/local_news/intel-plans-to-invest-3-5-billion-to-modernize-new-mexico-plant/article_01a86102-a9ed-11eb-b982-0bc48f14f181.html), 2021-05-04: "This is an important part of Intel's global operations."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.