Intel Uses Trump Meeting to Tout Plans to Finish Arizona Factory
- Chipmaker to complete partially built plant in Chandler
- Krzanich is latest CEO to tout plans to spend, add U.S. jobs
Intel EVP Stacy Smith on Spending Plans, Immigration Ban
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Intel Corp. Chief Executive Officer Brian Krzanich said the semiconductor maker will invest $7 billion to complete a chip factory in Chandler, Arizona, becoming the latest company to use a meeting with President Donald Trump to tout spending and job-creation plans that were already in place.
Krzanich, speaking Wednesday in the Oval Office, called the investment an expansion of Intel’s presence in Chandler that will finish a plant -- already under construction -- capable of advanced 7-nanometer chip production. The Fab 42 facility will be completed in 3 to 4 years and create about 3,000 company jobs, Intel said in a statement following the meeting at the White House.