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Article: Intel Corp. selects Amrep's Rio Rancho community near Albuquerque for construction of semiconductor plant.
- Article from:
- PR Newswire
- Article date:
- March 22, 1984
CopyrightCOPYRIGHT 1984 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, March 22 /PRNewswire/ -- Amrep Corporation (NYSE-AXR) today announced that Intel Corporation has selected Amrep's Rio Rancho community near Albuquerque, N.M., as the site for the construction of a 450,000 square foot semi-conductor plant.
Intel has said that, when in full production, this new manufacturing facility will employ 1200 people. The new facility will join Intel's other Rio Rancho-located semi-conductor plant built in 1981, which is expected to have 800 employees by year end.
Intel stated that the facility will be completed by mid-1985 and, fully equipped, will cost a total of $300 million. In separate ...