Intel Corp (INTC)

[borusa]

The Fab 42 plant was touted as the most advanced high-volume semiconductor-manufacturing facility in the world. The massive structure was among the world’s largest construction projects in recent years, built with the world’s largest land-based crane, capable of pulling 4,000 tons, according to Intel.

Obama, who visited the construction site in January 2012, used it as the backdrop for a speech stressing the importance of expanding domestic manufacturing.

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About two-thirds of the cost of a new facility is typically spent on the tools inside, Mulloy said, so while he did not release a dollar amount of the new construction, it was likely closer to $1.7 billion.

http://archive.azcentral.com/community/chandler/articles/20140113intel-says-factory-stay-shut-now.html