The investment is part of a wider $100m state funding package from the Arizona Commerce Authority

Brings the total layoffs by Intel in the state to more than 1,700 this year

The company will invest $280m in the project

The facility will test new processing architectures

New industry minister says he wants to expand on work of predecessor

After its most recent funding round, the company is worth $1.2 billion

The outgoing chairman Mark Liu has been with the company for 30 years

The job cuts are the latest in a long line of challenges the company has faced in the region

Ganesh Venkataramanan worked at Tesla for five years and was responsible for designing the supercomputer’s custom D1 chips

The €300 million site will be twice the size of ASM's current operational base in Phoenix

Adds $5bn to its valuation

The physics-based computers will make scaling generative AI more efficient