Intel annual report shows increase in NM jobs, capital investment

RIO RANCHO, N.M. — Intel’s annual report to Sandoval County indicates the company has invested over $135 million in its local facility in 2018, an increase over $88 million in 2017.

Intel just released the report, in keeping with the company’s industrial revenue bond lease agreement.

The Journal reported last September that Intel’s

Intel’s New Mexico facility. File photo.

Sandoval County plant was not investing in manufacturing operations, but rather pursuing technology development to create new products as part of the company’s efforts to diversify its markets beyond its traditional focus on semiconductor chips for computer processing.

Intel spokeswoman Linda Qian said the company is very proud of the continued investments it has made in its New Mexico facility.

“Since we first established operations here in 1980, (those operations) have been a really critical part of our global technology development and manufacturing network,” she said.

Qian confirmed that Intel is still in the process of hiring for many roles, all posted at nmjobs.

The Intel report said the company paid Sandoval County $9.15 million in fiscal year 2018, per its IRB agreement, which was made with the county in 2004. It also paid almost $588,000 in property tax.

According to the report, Intel spent just over $200 million with New Mexico-based organizations in 2018.

Intel also stated in the report that the company hired 168 new employees, 33 percent of whom came from New Mexico.

Since 1995, 62 percent of Intel’s’ new hires at the Rio Rancho plant have been New Mexico residents, according to the report.

Sandoval County Commissioner Jay Block said Intel’s future looked bleak when it downsized 2,000 jobs between 2013 and 2016.

“After I was elected, along with (Chairman) Dave Heil, we’ve worked a lot with Intel, with the IRB to incentivize them to start hiring more,” Block said. “Thanks to some technological breakthroughs and advances, Intel is reinvesting back into our community and into their plant.”

Intel will soon host two job fairs in New Mexico, one at Central New Mexico Community College main campus Monday and another at Kirtland Air Force Base on May 3.


More on ABQjournal