Donald Trump hasn’t been president for more than three weeks, and he’s gotten more companies to invest in the United States that President Barack Obama in eight years.
On Wednesday, Intel CEO Brian Krzanich met with President Trump and pledged to invest $7 billion in a factory in Chandler, Arizona to create 3,000 jobs.
Speaking from the Oval Office, Krzanich said that the 7 nanometer chips produced in the new factory will be “the most powerful computer chips on the planet.”
In a statement, Intel explained, “The completion of Fab 42 in 3 to 4 years will directly create approximately 3,000 high-tech, high-wage Intel jobs for process engineers, equipment technicians, and facilities-support engineers and technicians who will work at the site. Combined with the indirect impact on businesses that will help support the factory’s operations, Fab 42 is expected to create more than 10,000 total long-term jobs in Arizona.”
“Intel is a global manufacturing and technology company, yet we think of ourselves as a leading American innovation enterprise,” Krzanich added. “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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