Intel, Trump tout new $7 billion investment to create 10K jobs

Intel Corp announced a $7 billion investment that the company projects will create 10,000 new jobs. The company will use the $7 billion to complete its Fab 42 factory in Chandler (AZ) Intel CEO Brian Krzanich said at a meeting at the White House with President Trump.

Krzanich said the decision to make the announcement with the White House was borne out of Intel’s support for Trump’s economic and trade policies. “We support the Administration’s policies to level the global playing field and make U.S. manufacturing competitive worldwide through new regulatory standards and investment policies,” Krzanich wrote in an e-mail to Intel employees. “When we disagree, we don’t walk away,” he continued. “We believe that we must be part of the conversation to voice our views on key issues such as immigration, H1B visas and other policies that are essential to innovation.” President Trump tweeted about the meeting, calling it a “great investment” in “American INNOVATION and JOBS!”