The Intel CEO met with President Trump at the White House today and then made an announcement which will make the people of Arizona very happy. Thousands of jobs are coming their way.
Krzanich said Intel wanted to make this investment for several years, but decided to go forward because of the tax and growth policies Trump has put in.
“This investment will result in Intel directly hiring 3,000 high paying jobs. Also, another 10,000 indirectly will be hired in support positions in Chandler Arizona where the plant will be built.”
“This is about growth and new jobs. Intel makes the most powerful computer chips on planet, while other people predict the future we build the future”
The factory will be in Chandler, Arizona, the company said, and over 10,000 people in the Arizona area will support the factory. Krzanich confirmed to CNBC that the investment over the next three to four years would be to complete a previous plant, Fab 42, that was started and then left vacant.
The 7 nanometer chips will be produced there will be “the most powerful computer chips on the planet,” Krzanich said in the Oval Office with the Trump administration. Most Intel manufacturing happens in the U.S., Krzanich said.
“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,” Krzanich said in a statement. “Our factories support jobs — high-wage, high-tech manufacturing jobs that are the economic engines of the states where they are located.”