Intel chief executive Brian Krzanich announced in a meeting with President Donald Trump in the Oval Office on Wednesday, February 8th, that the company will be investing $7 billion in a factory in Chandler, Arizona.
Over the next three to four years, Intel's investment would complete a previous plant, Fab 42, employ up to 3,000 people and produce 7 nanometer chips which will be "the most powerful computer chips on the planet".
Krzanich adds that most Intel manufacturing happens in the U.S. "America has a unique combination of talent, a vibrant business environment and access to global markets, which has enabled U.S. companies like Intel to foster economic growth and innovation. Our factories support jobs — high-wage, high-tech manufacturing jobs that are the economic engines of the states where they are located."Read More