Intel to invest $3.5B to upgrade its chipmaking plant in New Mexico that will result in 700 new jobs over 3 years as part of CEO Pat Gelsinger's turnaround plan (Stephen Shankland/CNET)

Stephen Shankland / CNET:
Intel to invest $3.5B to upgrade its chipmaking plant in New Mexico that will result in 700 new jobs over 3 years as part of CEO Pat Gelsinger's turnaround plan  —  Intel on Monday plans to announce a $3.5 billion upgrade to a chip manufacturing plant in Rio Rancho, New Mexico.