We don’t know how this might hit jobs at Intel’s fab in Chandler, AZ.
And it’s unknown what effect, if any, such job cuts might have on the real estate market in Chandler, Gilbert and Ahwatukee. It probably wouldn’t be good, especially for higher priced homes.
Thank goodness Phoenix has a diversified economy.
For Rio Rancho, New Mexico, however, this announcement does put a large question mark on home prices. Intel also has a fab in Rio Rancho, New Mexico. The economy there is much less diverse than metro Phoenix.