Intel (INTC), 3DGS Announce $3.3B Semiconductor Facility in Odisha

Intel Corporation (NASDAQ:INTC) is one of the best future tech stocks to buy according to billionaires. On May 29, Reuters reported that Intel and 3DGS Inc. announced a $3.3 billion joint investment to establish a semiconductor substrate manufacturing facility in the Indian state of Odisha. The project, slated for the Bhubaneswar-Khurda region, is projected to unfold over the next five to six years.

This facility will specialize in the production of advanced packaging glass core substrates, high-density interconnect substrates, and various associated semiconductor technologies. As the fundamental base material used for attaching elements of a semiconductor device, these substrates are critical components in the manufacturing process.

The initiative is expected to generate over 1,800 direct high-skilled job opportunities. This development aligns with the Indian government’s broader strategy to incentivize semiconductor manufacturing through substantial subsidies, supporting Prime Minister Narendra Modi’s goal to increase domestic product manufacturing.

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Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

Intel Corporation (NASDAQ:INTC) is a semiconductor company specializing in computing & related end products and services through its CCG, DCAI, and Intel Foundry segments.

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