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(Image credit: Intel Corporation)

A drone photo of Intel’s new Fab 9 in Rio Rancho, New Mexico, in January 2024.

If you’re wondering whether that’s a lot of money for such things, then rest assured, it absolutely is. Yes, semiconductor foundries all cost many billions of dollars to design and build, and TSMC hasspent in the region of $65 billionto construct three chip-making plants in Arizona. However, Intel is also spending a bucket load of cash on improving its research and development facility in Hillsboro, specifically over $36 billion.

Big numbers are the star feature of Intel’s report. For example, the $32 billion investment in building two fabs in Arizona has, so far, resulted in 430,000 cubic yards (around 329,000 cubic metres) of concrete poured into the ground. That’s 132 Olympic-sized swimming pools for those who prefer a water-based measurement system.

Over in Ohio, it’s all similarly massive: More than 4 million cubic yards of earth moved over the past year, along with 10 miles (16.1 km) of underground utilities and 32 miles (51.5 km) of conduits being installed.

While two-thirds of the $160 billion investment is for constructing and upgrading facilities in the US, fabs in Ireland and Israel are being treated to a total of over $40 billion, as well as $7 billion for an expanded 3D packaging plant and new assembly facility in Malaysia and $4.6 billion for a new assembly and testing system in Poland.

Your next upgrade(Image credit: Future)Best CPU for gaming: The top chips from Intel and AMD.Best gaming motherboard: The right boards.Best graphics card: Your perfect pixel-pusher awaits.Best SSD for gaming: Get into the game ahead of the rest.

Your next upgrade

(Image credit: Future)Best CPU for gaming: The top chips from Intel and AMD.Best gaming motherboard: The right boards.Best graphics card: Your perfect pixel-pusher awaits.Best SSD for gaming: Get into the game ahead of the rest.

(Image credit: Future)

Nvidia RTX 4070 and RTX 3080 Founders Edition graphics cards

Best CPU for gaming: The top chips from Intel and AMD.Best gaming motherboard: The right boards.Best graphics card: Your perfect pixel-pusher awaits.Best SSD for gaming: Get into the game ahead of the rest.

There’s no escaping the fact that this is a staggering amount of money and there’s a non-zero risk that it doesn’t pay off. The days of Intel having a near-total monopoly on the processor market are long gone, as it’s not just AMD that it has to contend with. In the world of AI,Nvidia dominates that sectorand Google and Amazon are also investing heavily in the continued development of their chips for machine learning.

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Intel has the largest market share when it comes to x86 processors, but with Qualcomm stepping into that sector with itsSnapdragon X Eliteand AMD looking to capture a larger share with its next-generationZen 5 architecture, the 55-year-old chip giant is clearly not expecting to have it all its way in the coming years.

What’s that saying? “You have to spend money to make money” or something like that. Investors will be hoping Intel’s plans come to fruition as $160 billion is alotof money.

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AMD Ryzen 9 9900X CPU on a blue background

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