Intel Plans $7 Billion Investment In Arizona Factory

Intel said that out of the 10,000 jobs, 3,000 will directly create jobs for high-tech, high-wage Intel jobs for process engineers, equipment technicians, and facilities-support engineers and technicians.

Today marks the second time Intel has announced Fab 42 alongside a sitting US President.

It marked the latest in a string of such announcements since Trump began pressing companies to create more American jobs and reverse the trend of offshore manufacturing.

Sen. Jeff Flake, R-Arizona, said Intel’s “high-paying jobs will be a boon for the East Valley economy”.

But just previous year, the company laid off more than 12,000 employees to restructure operations.

Intel has just announced a massive $7 billion investment to create the “most advanced semiconductor factory in the world” on United States soil.

Trump, a Republican who took office on January 20, promised during his campaign to push companies to keep or create jobs in the United States rather than sending them overseas.

Intel slammed the brakes on that plan in 2014 to keep the space available “for unspecified future technology”.

Fab 42 was originally announced back in 2011, and then-President Obama spoke there back in 2012.

He added, “That said, we wanted to show our support for the new administration to push pro-business, pro-investment agenda”. It will be a vital move for Intel if it hopes to get a leg up on competition by getting a 7nm processor to market as soon as possible.

The White House hailed the completion of the factory as a positive development. GlobalFoundries has only three of its nine facilities operating in the United States, including one in Vermont and two in NY, while TSMC and Samsung each claim a single US-based fab.

“The people of Arizona will be very happy”.

Mr. Trump said Intel called the White House several weeks ago to coordinate the announcement.

Intel is largest US high-technology capital expenditure investor ($5.1 billion in the USA 2015) and its third largest investor in global R&D ($12.1 billion in 20151). Intel is based in Santa Clara, California, but most of its chip production is in OR and Arizona.

Fab 42 in Chandler will use the seven nanometer (nm) manufacturing process, said Intel. They will power computers, data centers, sensors and other devices.

A White House official described the Intel factory as “the most advanced semiconductor facility in the world”, according to The Wall Street Journal. He described Intel and other chipmakers as having a rotation cycle, in which they periodically update, build and shutter facilities.