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Intel's Rio Rancho Plant Reopens, Targets $1 Billion in Packaging Revenue

4/7/2026

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Summary

Story summary

Intel's Rio Rancho, New Mexico plant has resumed operations after years of dormancy, aided by a $500 million US CHIPS Act grant.
The facility focuses on advanced chip packaging, a growth area driven by AI.
CEO Lip-Bu Tan says packaging differentiates Intel from competitors such as Taiwan Semiconductor Manufacturing Corporation.
CFO Dave Zinsner projects packaging revenue could exceed $1 billion, with talks for deals with Google and Amazon.

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Story summary

Intel's Rio Rancho, New Mexico plant has resumed operations after years of dormancy, aided by a $500 million US CHIPS Act grant.
The facility focuses on advanced chip packaging, a growth area driven by AI.
CEO Lip-Bu Tan says packaging differentiates Intel from competitors such as Taiwan Semiconductor Manufacturing Corporation.
CFO Dave Zinsner projects packaging revenue could exceed $1 billion, with talks for deals with Google and Amazon.