Despite a massive profit drop in the last quarter, and news that it is closing a number of manufacturing facilities, Intel will invest $7-billion over the next two years to build plants in the US.

Intel president and CEO Paul Otellini says the investment funds deployment of Intel's industry-leading 32 nanometer (nm) manufacturing technology that will be used to build faster, smaller chips that consume less energy.
The commitment represents Intel's largest-ever investment for a new manufacturing process.
"We're investing in America to keep Intel and our nation at the forefront of innovation," Otellini says. "These manufacturing facilities will produce the most advanced computing technology in the world. The capabilities of our 32nm factories are truly extraordinary, and the chips they produce will become the basic building blocks of the digital world, generating economic returns far beyond our industry."
Intel's investment will be made at existing manufacturing sites in Oregon, Arizona and New Mexico and will support about 7 000 high-wage, high-skill jobs at those locations.
The technology used in Intel's manufacturing process builds chip circuitry 32nm (32-billionth of a meter) across – incredibly small, atomic level structures.
The first Intel processors to be built using this technology are codenamed "Westmere" and will initially be used in desktop and mobile mainstream systems.
Westmere combines Intel's latest high-performance micro-architecture ("Nehalem") with graphics capability integrated into the processor. As a result, computer manufacturers will be able to increase performance and simplify system manufacturing compared to current systems. Outstanding 32nm manufacturing and product health are enabling Intel to accelerate the Westmere production ramp beginning in 2009. Additional 32nm products will follow in 2010.