Following a recent announcement that it would move its new class of storage and memory technology development to New Mexico, Intel Corporation is seeking to hire dozens more workers for its manufacturing plant in our state.
Already New Mexico’s largest manufacturer according to Albuquerque Business First’s Manufacturing Companies List, Intel is looking to fill another 68 new positions at their facility in Rio Rancho.
The multinational microprocessor manufacturer also increased its New Mexico footprint last year, the Albuquerque Journal reports:
Intel’s annual report to Sandoval County shows the chip giant has invested over $135 million in its local manufacturing plant in 2018, an increase over $88 million from the year prior… Intel spent just over $200 million with New Mexico-based organizations in 2018 and hired 168 new employees, 33 percent of whom came from New Mexico, according to the report.
According to a company spokesperson, Intel’s New Mexico operations “have been a really critical part of our global technology development and manufacturing network.”
Intel is also an important segment of New Mexico’s international exports, which increased 1.3% last year to $3.65 billion, mainly due to an increase in trade with countries in Asia:
Computers and electronics account for about 75 percent of exports to China, suggesting the rapid rise generally comes from the ebb and flow of Intel Corp. sales to sister facilities overseas, said Jerry Pacheco, executive director of the International Business Accelerator in Santa Teresa and president of the Border Industrial Association.
“Exports to China are absolutely dominated by computers and electronics, and the big guy there is Intel,” Pacheco said.
Sandoval County, where Intel’s New Mexico facility is located, is one of the counties leading the state in economic growth, along with Lea and Eddy counties. Sandoval has been among the top counties for incoming investment since at least 2015, whereas Lea and Eddy counties joined the top three more recently due to the Permian Basin energy boom.