Intel abandons Oregon trail
@ 2023/01/24$700 million facility will not be built
Intel has officially abandoned its plans to build a mega lab in Hillsboro, Oregon. The Oregonian received a statement today saying that the $700M facility will not be built.
The Oregonian said that R&D work planned for the centre has already started in other venues across the state. Intel's decision aims to reduce costs and increase efficiency and will contribute significantly to Intel's $3 billion savings target for 2023.
Intel spokesperson Penelope Bruce said that the outfit was looking at more cost-effective real estate options to continue its data centre R&D work in Oregon that is already in progress.
This major business decision from Intel comes hot on the heels of the reported cancellation of its IDC21 R&D centre in Israel.
Intel has officially abandoned its plans to build a mega lab in Hillsboro, Oregon. The Oregonian received a statement today saying that the $700M facility will not be built.
The Oregonian said that R&D work planned for the centre has already started in other venues across the state. Intel's decision aims to reduce costs and increase efficiency and will contribute significantly to Intel's $3 billion savings target for 2023.
Intel spokesperson Penelope Bruce said that the outfit was looking at more cost-effective real estate options to continue its data centre R&D work in Oregon that is already in progress.
This major business decision from Intel comes hot on the heels of the reported cancellation of its IDC21 R&D centre in Israel.