Wednesday, February 8, 2017

Intel’s Chief Executive Officer, Brian Krzanich, met with President Donald Trump today.

At the meeting, he announced that Intel will invest $7 billion over the next 3-4 years to build a new factory in Chandler, Arizona.

The factory will employ some 3,000 people.

It will manufacture 7 nanometer microchips. Krzanich says that they will be “the most powerful computer chips on the planet.”

He went on to say that:

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

Trump thanked Krzancih and Intel via twitter:

Thank you Brian Krzanich, CEO of @Intel. A great investment ($7 BILLION) in American INNOVATION and JOBS! #AmericaFirst???????? pic.twitter.com/76lAiSSQ1l — Donald J. Trump (@realDonaldTrump) February 8, 2017

This is big news, but it’s not the first instance of a major IT company pledging to support American industry under President Trump.

Recall that IBM also pledged to create 25,000 new American jobs back in December.