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Intel Investing $3 5 Billion in New Mexico, 10-Digit US Government Subsidies Still Haven t Landed Yet

May 3, 2021 14:41 EDT Intel NASDAQ:INTC announced Monday that it was committing $3.5 billion to upgrade its Rio Rancho, New Mexico facility to expand its Foveros advanced packaging capacity by 40%.  Foveros is an advanced 3D packaging technology that allows vertical stacking of compute tiles. This packaging technology is a key component of Intel’s latest chips such as the 7nm Meteor Lake processors it recently announced. In a blog post, Intel explained that Foveros allows for the integration of diverse computing engines across multiple process technologies exceeding what’s possible with single-die integration.  Intel said it s in the process of hiring an additional 700 staff as the facility expands. The company employees 1,800 personnel on-site. Intel is expected to hire 1,000 construction workers starting this year and spend $550 million on construction and new infrastructure, according to a statement from New Mexico’s government. 

Moriarty airport to improve infrastructure with state help

.... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ALBUQUERQUE, N.M. A first-of-its-kind state grant will help Moriarty Municipal Airport keep up with the pace of growth. The New Mexico Economic Development Department announced last week that it has awarded the first-ever rural infrastructure LEDA grant to the city of Moriarty to expand and enhance its waterline. The state is investing $283,000 in the project following a change in the Local Area Development Act that allows the state to directly help communities with improvements to publicly owned industrial properties. The overall cost of the project is $383,000, with the city contributing the remaining $100,000. EDD said the grant was the first of its kind, after Senate Bill 118, which creates a fund to support local economic development projects, was signed into law during the 2020 Regular Session.

No better time to diversify NM » Albuquerque Journal

.... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... The pandemic has changed everything. The world as we knew it will never be the same. In my opinion the future will bring great opportunity to thrive in the “next normal.” The time to act is now. If we don’t, the all-too-familiar story will prevail and we will again ask, “Why is New Mexico last on good lists and first on bad lists?” I’ve often referred to New Mexico as the “hole-in-the-donut” state compared to neighboring states Texas, Arizona, Colorado and Utah. These four all have prospered and grown with higher per capita incomes and lower unemployment rates and poverty rates, while New Mexico has struggled and literally been the hole in the donut.

New Mexico has legalized cannabis What comes next for businesses? - Albuquerque Business First

New Mexico has legalized cannabis What comes next for businesses? - Albuquerque Business First
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

New Mexico Gov Michelle Lujan Grisham signs bill expanding incentive program meant to entice companies to expand in New Mexico

New Mexico Gov Michelle Lujan Grisham signs bill expanding incentive program meant to entice companies to expand in New Mexico
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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