Intel Corp., the world's largest maker of computer chips, said Wednesday that it intends to build a $1.3-billion computer chip plant about 25 miles north of downtown Fort Worth.
The plant is part of a global expansion by the Santa Clara, Calif.-based based company, which also said it plans to build a $300-million computer assembly factory in San Jose, Costa Rica.
"We believe growth of the PC industry will continue and are taking appropriate steps to make sure that Intel will be able to meet the needs of our customers," said Craig Barrett, Intel's chief operating officer.
Shares of Intel lost $1.50, closing at $119.50 on the Nasdaq market.
The first phase of the Texas plant will encompass about 800,000 square feet of an industrial park near Fort Worth Alliance Airport and is expected to open by 1999. The plant will employ 800 people at full capacity, Intel said.