Computer chip-maker Intel announced today plans to invest 7 billion dollars over the next two years to expand and transform three US manufacturing plants to produce the smaller 32- nanometer transistors, according to DPA. The move to invest in the plants in Arizona, New Mexico and Oregon could see Intel gain a priceless advantage over smaller rivals like Advanced Micro Devices which don't have the financial resources to invest in new fabrication facilities. AMD is currently upgrading its plants from 65 nanometers to produce the smaller 45 nanometer chips. The new chips could dramatically slash costs, and allow Intel to extend its dominance from computer chips to chips that power cell phones and other electronic devices.