Trump And Intel’s CEO Are Touting A Seven-Billion-Dollar, New-Jobs-Creator Plant That Has Been Under Construction Since 2011

RealClear Staff

            

     President Trump and Intel CEO Brian Krzanich have put their heads together in order to create a seven-billion-dollar semi-conductor factory in Chandler, Arizona—the forthcoming home of next-generation processors. This project should definitely burgeon more US-based jobs.

[Intel CEO Brian Krzanich lays down the plan with Trump | Photo: Pool/Getty Images (US)]

The two announced their plan on February 8th in the Oval Office. The factory (aka Fab 42) effort will take another three or four years to finalize, as Intel explained it will be “the most advanced semiconductor factory in the world.” Not only will Arizona be getting a third factory from Intel, the tech outfit will be hiring up to 3,000 people.

But Intel’s motivation to expediently complete this project is being ignited by AMD’s Ryzen processors—the company’s huge competition for Intel. The chip race is giving Intel (and Nvidia) the driving force needed to increase their products’ performance level—costs are being cut to rival Ryzen chips. Additionally, Intel’s updating their Kaby Lake processors—things are heating up in this tech battle.

Construction of the company’s fabrication plant is structured to be stronghold for future endeavors. It’s a crucial and dynamic force for Intel in their efforts to be at the top in terms of marketing a seven-nanometer processor toot sweet.

[Intel's Fab 42 in the making | Source: Newsroom.Intel.com]

“Intel’s business continues to grow, and investment in manufacturing capacity and [research and development] ensures that the pace of Moore’s law continues to march on, fueling technology innovations the world loves and depends on,” Krzanich stated in a release.

For some weeks now, conjecture has been building about this Trump-Krzanick plan. The Intel CEO explained that holding this release at the White House was in support for the “tax-and-regulatory policies that we see the administration pushing forward.”

“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. “Our factories support jobs—high-wage, high-tech manufacturing jobs that are the economic engines of the states where they are located.”

LEADERBOARD
            

Comments

Most Viral This Week

Scroll Top

Like us on facebook to get more stuff like this in your news feed!

close

I already like RealClear, don't show this again

Share on Facebook