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Thursday, 09 February 2017 04:17

Intel Brings $7B Investment to AZ Featured

Intel Brings $7B Investment to AZ Photo from Intel

Arizona elected officials are cheering the latest example of, ‘Make America Great Again’. 

Intel announced that they would be investing $7 billion in their new plant, creating more than 10,000 direct and indirect jobs. 

The good news spread quickly today, beginning with Governor Doug Ducey’s video of his response. 

"Intel’s expansion in Arizona is huge news for our state,” Ducey stated. "With thousands of jobs and a $7 billion investment, Fab 42 will create a ripple effect throughout our economy. This means jobs for Arizonans, and a historic investment in our state. Intel's commitment to Arizona speaks volumes about our workforce, advanced educational infrastructure, business environment and commitment to technology and innovation. This represents a core area of Arizona expertise, advanced engineering and manufacturing. We are thrilled about this announcement and what it means for Arizonans."


Flake Applauds $7 billion Intel Corp. Investment in Chandler Factory

Move will create 10,000 high-paying jobs

Washington, D.C. – U.S. Sen. Jeff Flake (R-Ariz.) today applauded Intel Corp.’s announcement of a planned $7 billion investment at its Fab 42 facility in Chandler, Arizona. The move will create an estimated 10,000 jobs in Arizona, including 3,000 high-tech positions.

“I welcome Intel Corp.’s decision to invest in Arizona’s workforce and President Trump’s continued commitment to policies that facilitate job creation here in the United States,” said Flake. “These high-paying jobs will be a boon for the East Valley economy.”


Statement By Senator John Mccain On Intel’s Expansion To Chandler, Arizona 

Washington, D.C. ­– U.S. Senator John McCain (R-AZ) released the following statement today on Intel’s announcement that it will invest $7 billion to build a state-of-the-art semiconductor factory in Chandler, Arizona: 

“Intel’s announcement that it will invest $7 billion to construct what is expected to be the most advanced semiconductor factory in the world in Chandler, Arizona, is great news for the people of our state. This decision, which will create more than 3,000 high-tech, high-wage jobs and as many as 10,000 long-term jobs in Arizona, is a testament to our state’s reputation as a technology leader and an excellent place to do business. As one of the most innovative technology and manufacturing companies, Intel had its choice to build this facility anywhere in the world – and it chose to do so in Arizona. This truly reflects our state’s dynamic workforce, growing technology sector, pro-business environment and great quality of life for all who live and work here.”


Representative Andy Biggs:

Washington, D.C. – Today, Intel Corporation announced that it will invest $7 Billion into its Chandler facility, creating 3,000 jobs in the factory and 10,000 additional jobs around Arizona. The announcement came as Intel’s CEO Brian Krzanich met with President Donald Trump in the White House to release the news. According to CEO Krzanich, “the most powerful computer chips on the planet” will be produced at the facility. Congressman Biggs released the following statement:

“I’m thrilled with today’s announcement from Intel about the creation of thousands of new, East Valley jobs. President Trump and Congress are betting on Americans by cutting regulations and resetting the economic climate that has beleaguered our nation’s businesses for the past decade. This announcement continues a new era of business opportunity across the country and will provide a better future for many in the East Valley. I look forward to working in Congress, with President Trump and East Valley leaders, to bring even more jobs to the region.”


President Donald Trump and Intel CEO Brian Krzanich:

Intel’s Fab 42 will Target Advanced 7 nm Technology and Create More Than 10,000 Jobs in Arizona

WASHINGTON, D.C., Feb. 8, 2017 – Intel Corporation today announced plans to invest more than $7 billion to complete Fab 42, which is expected to be the most advanced semiconductor factory in the world. The high-volume factory is in Chandler, Ariz., and is targeted to use the 7 nanometer (nm) manufacturing process. It will produce microprocessors to power data centers and hundreds of millions of smart and connected devices worldwide. The announcement was made by U.S. President Donald Trump and Intel CEO Brian Krzanich at the White House.

 

 

Here is a transcript of the press briefing at the White House today:

THE PRESIDENT:  You've never seen so much paper on a President’s desk.  (Laughter.)  That's because we're negotiating lots of deals for our country, which will be tremendous.  

And I just want to introduce Brian Krzanich, who's the CEO of Intel, a great, great company.  And Brian called a few weeks ago and said, we want to do a very big announcement having to do with our country, but also having to do mostly with Arizona, and the jobs and the great technology that will be produced.

So this is Brian.  And, Brian, why don't you say a few words and maybe also talk about the product you're going to be making.  It’s amazing.

MR. KRZANICH:  Yes.  Thank you, Mr. President, for this.  It’s an honor to be here today representing Intel and to be able to announce our $7 billion investment in our newest, most advanced factory -- Fab 42 in Chandler, Arizona.  We’ll be completing that factory to make the most advanced 7-nanometer semiconductor chips on the planet.

Intel is very proud of the fact that the majority of our manufacturing is here in the U.S. and the majority of our research and development is here in the U.S., while over 80 percent of what we sell is sold outside of the U.S.  And we're consistently one of the top five exporters in the country and one of the top two research and development spenders in the United States.  And we've been able to do that even while the regulatory and tax policies have disadvantaged us in the past relative to the competition we have across the world.  

And Fab 42 is an investment in Intel, but also the U.S.’s future in innovation and leadership in the semiconductor industry.  Fab 42 will employ approximately 3,000 direct high-paying, high-wage, high-tech jobs at its peak, and over 10,000 people in the Arizona area in support of the factory.  And this factory will produce, as I said, the most powerful computer chips on the planet, powering the best computers, the best data centers, autonomous cars.  All of these devices are the most powerful computing devices on the planet.

And at Intel we have a simple saying that says, while other people predict the future, we build the future.  And this factory is a great example of that.

I want to thank the President for this opportunity to be here today.

THE PRESIDENT:  Thank you, Brian.  And you have something over there.  Show a little bit about the new product.

MR. KRZANICH:  This is an example of the wafer that will be built in Fab 42.  This is one of our newest 10-nanometer silicon wafers.  Seven-nanometers will be built in Fab 42.  And this is the future of computing.

THE PRESIDENT:  That's great, thanks.  Do you have any questions for Brian?  I know you have none for me, so how about -- (laughter) --   

Q    Are you going to bring back jobs?  The other business you have outside the country, do you plan on bringing them back here?

MR. KRZANICH:  This is actually expansion.  This is about growth.  So this position is actually about growth and new jobs in the U.S. 

THE PRESIDENT:  Great thing for Arizona.  Unbelievable company and product, and we're very happy.  And I can tell you the people of Arizona are very happy.  It’s a lot of jobs.  Probably the investment -- what are you saying, your total investment will be what?

MR. KRZANICH:  Total investment in just this factory is $7 billion.  But if you take Arizona, we already have two other factories in Arizona.  So we have several tens of billions of dollars of investments in factories in Arizona.  We're the number-one private employer in Arizona.

Q    And how long have you been planning this investment?

MR. KRZANICH:  We've been working on this factory for several years.  We held off actually doing this investment until now.

Q    Was there something that President Trump did or said that made you want to announce this here and now?

MR. KRZANICH:  It’s really in support of the tax and regulatory policies that we see the administration pushing forward that really make it advantageous to do manufacturing in the U.S. 

THE PRESIDENT:  Thank you, all.   

Read the Intel Press Release

 

 

Last modified on Thursday, 09 February 2017 04:46
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