INTC · 10-K · 2025A · Full report

Domestic Manufacturing Investment

INTEL CORP · 2026-01-23 · Importance 38 · Surprise 24

Intel reiterated its commitment to advancing leading-edge semiconductor process technology and manufacturing in the U.S., noting it is currently the only company conducting both leading-edge logic R&D and high-volume manufacturing in the country. In 2025 Intel said it streamlined its footprint, including consolidating Costa Rican assembly and test operations, slowing construction pace of a new Ohio wafer fab and discontinuing planned expansions in Germany and Poland. These actions are framed as efforts to align capacity with anticipated demand and improve operational efficiency while acknowledging the substantial capital required for EUV-enabled nodes. The changes include a defined timeframe — Costa Rica consolidation is expected to be completed by the end of 2026 — and reflect a rebalancing of Intel's capital deployment and geographic manufacturing footprint.

Key facts

• Intel's long-term funding requirements include investments in significant manufacturing expansion plans including expanding operations in Arizona, New Mexico and Oregon and investing in a new leading-edge manufacturing facility in Ohio in the long term.
• In 2025 Intel slowed the pace of construction for its new Ohio wafer fabrication facility (fab) and discontinued planned expansions in Germany (fab) and Poland (assembly and test facility).
• Intel slowed the pace of construction for its new Ohio fab and discontinued planned expansions in Germany (fab) and Poland (assembly and test).
• Intel stated it is one of only a few companies in the world with the process technology and manufacturing capabilities required to produce leading-edge semiconductor logic chips and the only company that conducts both leading-edge logic semiconductor process technology R&D and manufacturing in the U.S.
• Intel stated it intends to continue manufacturing the majority of its products in its own factories as part of an integrated IDM approach.
• Intel stated a core strategic priority is to leverage U.S.-based capabilities in leading-edge semiconductor process technology development, manufacturing and advanced packaging to become a trusted foundry partner to third-party semiconductor customers.

Impact estimates