Technology company Intel has broken ground on two new semiconductor fabrication facilities in Arizona, the US.

The new factories, to be named Fab 52 and Fab 62, will be located at the company’s Ocotillo campus in Chandler.

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Intel already has four fabrication facilities at its Ocotillo campus.

The construction of the two new facilities will involve an investment of $20bn, which will bring the company’s total investment in Arizona to more than $50bn.

Once fully operational in 2024, the two new factories will manufacture the company’s most advanced process technologies that include Intel 20A featuring the new RibbonFET and PowerVia innovations.

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The new semiconductor fabrication factories will support the growing demand for Intel’s products and provide committed capacity for the recently announced Intel Foundry Services (IFS).

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The project is expected to create more than 3,000 new high-tech, high-wage jobs as well as 3,000 jobs during the construction phase.

This will also support in the creation of nearly 15,000 additional indirect jobs in the community.

Intel CEO Pat Gelsinger said: “Today’s celebration marks an important milestone as we work to boost capacity and meet the incredible demand for semiconductors: the foundational technology for the digitisation of everything. We are ushering in a new era of innovation for Intel, for Arizona and for the world.

“This $20bn expansion will bring our total investment in Arizona to more than $50bn since opening the site over 40 years ago.

“As the only US-based leading-edge chipmaker, we are committed to building on this long-term investment and helping the United States regain semiconductor leadership.”

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Intel breaks ground on two new semiconductor fabrication facilities in the US. Credit: Intel Corporation.