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.

No comments available.

 

reply