Standing beside Mr. Trump in the Oval Office, Brian Krzanich, Intel’s chief executive, said the company had decided to proceed now because of “the tax
and regulatory policies we see the administration pushing forward.”
Mr. Trump said: “The people of Arizona will be very happy.
SAN FRANCISCO — Intel, the world’s largest computer chip manufacturer, will invest $7 billion to build a factory in Arizona,
adding 3,000 jobs, the company’s chief executive said on Wednesday after meeting with President Trump at the White House.
Intel Will Invest $7 Billion in Chip Factory in Arizona -
“The people of Arizona will be very happy.
“We care about exporting our products all over the world.”
New chip plants are tremendously expensive, requiring large tracts of land, reliable electricity and water, and a skilled work force
that includes people with doctorates in chemistry and technicians who can repair a malfunctioning robot.
It’s a lot of jobs,” President Trump said after Intel’s C. E.O.
said the company will invest $7 billion to build a new factory.
“We care about hiring the best and brightest people around the world,” Mr. Smith said.
Intel’s outreach to the administration illustrates the tightrope
that Silicon Valley companies are walking as they deal with a president most of them did not want to see in office.
