https://apnews.com/fd4d03f3f076ce74e8d62eeffaa83e8c

CHANDLER, Ariz. (AP) — Intel announced Tuesday it will build two new factories in Arizona and outsource more of its production as a new CEO looks to turnaround the struggling chipmaker.

The California-based company says the Arizona expansion will cost about $20 billion and create 3,000 permanent jobs as Intel builds a foundry business to provide chips for other firms. More construction in the United States, Europe and elsewhere could be announced over the next year, CEO Pat Gelsinger said in a video outlining his vision for the company’s transformation.