Sunday, 22 October, 2017

Intel Gets Cozy With Trump, Investing $7 Billion In Arizona Chipmaking Facility

Intel CEO Pledges to Invest $7B in Arizona Factory, Create 3000 Jobs Intel: Investing $7B in Chandler, with 3K jobs
Juana Turner | 09 February, 2017, 00:34

As a result, Intel employs more than 50,000 people in the United States, while directly supporting nearly half a million other U.S.jobs across a range of industries, including semiconductor tooling, software, logistics, channels, OEMs and other manufacturers that incorporate our products into theirs. Intel spent $12.1 billion on R&D in 2015, making it the third largest R&D investor in the U.S. The company also invested $5.1 billion in capital expenditures in 2015, making it the U.S.'s largest technology investor. According to a statement from Intel, it will invest over $7 billion into the facility, which should be fully completed within three to four years. The Santa Clara, Calif. -based company increasingly relies on its global data center business and the "Internet of Things", which includes everything from autonomous cars and drones to factory automation.

Krzanich acknowledged that "we've been working on this factory for several years" but "held off actually doing this investment until now". Speaking to news outlets after the meeting with the President, Krzanich revealed that Intel remains committed to the US while adding that the company still maintains most of its manufacturing facilities within the country.

Krazanich discussed the investment in an email to Intel employees. This factory will help the US maintain its position as the global leader in the semiconductor industry.

"Intel is a global manufacturing and technology company, yet we think of ourselves as a leading American innovation enterprise", said Intel CEO Brian Krzanich. The majority of new chip fab plants are being built outside of the USA, said tech analyst Patrick Moorhead.

Two weeks ago, Intel said it was establishing a pilot 7-nm plant to manufacture test chips.

Krzanich said that the factory will employ about 3,000 high-tech jobs and more than 10,000 people in the Arizona area supporting the factory. So Intel's desire to add some presidential flavor to factory announcements is nothing new.

Krzanich also took a moment to note that the company sells more than 80% of its products outside of the US, making it one of the top five exporters. "We will provide impacted employees with Intel's full support".

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