Intel to invest $7 bn in new factory, employ 3,000

However, the White House said that there will be no incentives from the federal government for the Intel project.

Published: 09th February 2017 10:44 AM  |   Last Updated: 09th February 2017 11:07 AM   |  A+A-


WASHINGTON: Intel CEO Brian Krzanich after a meeting with US President Donald Trump, announced that the tech giant will invest $7 billion in a new factory employing up to 3,000 people, the media reported.

The factory will be in located Chandler, Arizona, the company said. 

Krzanich confirmed to CNBC News 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 US, Krzanich said.

"America has a unique combination of talent, a vibrant business environment and access to global markets, which has enabled US 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."

After the announcement, Trump tweeted his thanks to Krzanich, calling the factory a great investment in jobs and innovation, CNBC News reported.

The announcement comes as the technology industry has pushed back against the Trump administration, amid mounting pressure to move manufacturing jobs back to the US. 

However, the White House said that there will be no incentives from the federal government for the Intel project.

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.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp