Intel is looking to dump around $7 Billion (yes with a B) into manufacturing plants in the US.
This investment will be the single largest investment for a new manufacturing process. Intel will spread the $7 billion over two years and will cover existing plants in New Mexico, Oregon and Arizona.
The move will allow Intel to quickly ramp up to the 32nm manufacturing process while utilizing existing assets in the US.
According to the Intel Press Release the first 32nm chips to be made will be Westmere; which will combine the CPU core found in Nehalem with a graphics processor.
Read the press release