Intel CEO Announces $7 Billion Factory Investment, Creation Of 3,000 New Jobs During Trump Meeting
by Tyler Durden
ZeroHedge.com
Feb 8, 2017
During a meeting between Intel CEO Bryan Krzanich and President Trump at the White House, the chief executive of the world’s largest semiconductor maker told the president that his company would invest $7 billion in a new factory in Arizona. Krzanich said the investment is an expansion of Intel’s presence in Chandler that will enable a plant capable of advanced 7-nanometer chip production. The partially built Fab 42 facility will be completed in 3 to 4 years and is expected to add 3,000 company jobs.
Krzanich added that Trump’s “advantageous” tax and regulatory policies are partly responsible for their decision to announce the new factory at the White House. Trump called the investment “a great thing for Arizona,” and said the products will be “amazing.”
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