Even though Intel may face the possibility of its first loss in over 20 years this quarter, the chipmaker doesn't seem too worried about tightening its purse strings. Intel CEO Paul Otellini has announced that his company will spend $7 billion to build "advanced manufacturing facilities" in the United States over the next couple of years.
These facilities will apparently extend current fabs in Arizona, New Mexico, and Oregon, where they should "support approximately 7,000 high-wage, high-skill jobs." Intel seems eager to remind everyone that, although non-U.S. sales represent 75% of its revenue, it houses 75% of its manufacturing business and spends 75% of its R&D dollars in America.
The official press release also ties Intel's $7 billion investment with the deployment of 32nm process technology. In related news, Intel says it plans to ramp production of its 32nm Westmere processor this year. Westmere is a Nehalem derivative with a built-in GPU that will hit both desktop and mobile systems. We should have more specifics later today, but that announcement sounds like possible confirmation of yesterday's rumors.