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Intel To Announce Major Investment In Rio Rancho Plant

May 3, 2021

RIO RANCHO, N.M. — Computer chip manufacturer Intel is scheduled Monday to announce a $3.5 billion investment in its plant in New Mexico.

Intel executives will be joined by Gov. Michelle Lujan Grisham and other politicians at the plant in the Albuquerque suburb of Rio Rancho for a news  conference where they will detail the plans. It will mark one of the largest single investments by the company since it opened the plant in 1980.

The announcement also will be a shot in the arm for the state as it looks to rebound from the economic challenges that have stemmed from the coronavirus pandemic.