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Intel will invest $7 billion to finish a factory it started in 2011

Intel will invest $7 billion to finish a factory it started in 2011

February 9, 2017

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Intel announced today that it would spend $7 billion to complete Fab 42, a factory in Chandler, Arizona that will eventually be used to build chips on Intel’s 7nm manufacturing process. According to Intel’s release, the facility will “directly create 3,000 high-tech, high-wage Intel jobs for process engineers, equipment technicians, and facilities-support engineers and technicians who will work at the site” and that a further 7,000 jobs will be created indirectly to support the facility. Intel CEO Brian Krzanich made the announcement at the White House with President Donald Trump; Krzanich briefly attracted controversy last summer when he canceled a Trump fundraising event.

In an e-mail to Intel employees after the announcement (PDF), Krzanich said he made the announcement at the White House as a show of support for “the Administration’s policies to level the global playing field and make US manufacturing competitive worldwide through new regulatory standards and investment policies.”

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