Intel factory lauded by Obama mothballed, symbol of chip giant’s unfulfilled dreams

http://blogs.marketwatch.com/thetell/2014/01/15/intel-factory-lauded-by-obama-mothballed-symbol-of-chip-giants-unfulfilled-dreams/?mod=MW_latest_news

Two years ago, President Obama praised it as an example of the push to revive U.S. manufacturing and “restore the basic American promise.”
But Intel INTC +1.09% says the state-the-art chip plant it was building in Chandler, Arizona will remain idle for now.
The facility, known as Fab 42, was supposed to be part of the chip giant’s big rollout of a more sophisticated manufacturing process based on 14-nanometer chip-making technology.
But Intel spokesman Chuck Mulloy said the company will, instead, make the transition from 22-nanometer to 14-nanometer at existing facilities, including three in Arizona. The move to smaller lines of circuitry supports Moore’s Law, the business principle named after former Intel co-founder CEO Gordon Moore in which the number of transistors that companies can put on an integrated circuit roughly doubles every two years. This has allowed chipmakers to make smaller, more powerful chips.