With its IDM 2.0 strategy, Intel is committed to investing in manufacturing capacity to support the surging global demand for semiconductors. The company recently announced plans to build two new leading-edge chip fabs at its Ocotillo campus in Chandler, Ariz. The new factories will support expanding requirements of Intel's products and provide committed capacity for foundry customers.

On Friday, Sept. 24, Intel CEO Pat Gelsinger will be joined by government and community leaders for a groundbreaking ceremony to celebrate the largest private-sector investment in Arizona history: a $20 billion project that will bolster U.S. semiconductor leadership and help bring geographical balance to the global supply chain.

When: 9 a.m. PDT,?Friday, Sept.?24.

Where: Watch live on the?Intel Newsroom.

Event Replay: A video replay will be available on the?Intel Newsroom following the webcast.

Updates: To receive updates on the news, visit the Intel Newsroom and follow along on?Twitter with?@IntelNews.

About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers' greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel's innovations, go to newsroom.intel.com and intel.com.

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