Posted on 02/08/2017 10:17:17 AM PST by Red Badger
Intel chief executive Brian Krzanich met with President Donald Trump on Wednesday, where the company announced it will invest $7 billion in a factory employing up to 3,000 people.
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.
It comes as the technology industry has pushed back against the Trump administration, amid mounting pressure to move manufacturing jobs back to the U.S. There will be no incentives from the federal government for the Intel project, the White House said.
Intel was one of more than 100 companies that joined together to file a legal brief opposing Trump's temporary travel ban on people from seven Muslim-majority nations.
The White House had said earlier that Vice President Mike Pence would speak on Wednesday with Tesla and SpaceX CEO Elon Musk, a member of Trump's business advisory council, whose companies had also signed onto the brief.
Intel has been criticized in conservative publications such as Breitbart, for laying off thousands of staffers, despite an influx of visa requests.
WOW! Thank YOU Intel and Thank YOU President Trump!
7 Billion dollar investment! That is HUGE!
This is Great News!
I remember that commercial......................
Yes. It would. We are moving to Oro Valley from the cold Midwest next year. I am retiring, but my fiancé needs a job.
,,Apple already announced a few weeks that they are moving some manufacturing to nearby Mesa Az. The Phoenix valley is becoming the new Silicon Valley.
The founder of Intel never wanted to go abroad...
The EPA help drive the chip makers over seas
A lot of chemicals used to make them...
I think Intel spent a billion dollars in Colorado springs and it never opened...that was five years ago ..maybe it is open now
(Do I really need to tag it as sarcasm?)
Welcome! You can pick up a black racer snake, a horny toad lizard or a tarantula, but don’t pick up a rattlesnake, a gila monster lizard or a scorpion.
Since this is Intel, are we talking 50 Americans + 2,950 H1-Bs?
Trump 4 million+/ Liberals 0 (and no, the libs won’t be making a Patriots comeback)....
Bump
btt
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