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."
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Founded in 1912 and incorporated in 1920, the City of Chandler is one of the fastest growing communities in the nation, transformed from a small agricultural town at the turn of the 20th Century to the High Tech Oasis in the Silicon Desert of today. Chandler's vibrant, diverse community combined with strong technology and excellent educational facilities provide the foundation for a comfortable lifestyle for individuals and families alike. (Source: http://www.chandleraz.gov)