In­tel to in­vest $7b in Ari­zona fac­tory

China Daily (Canada) - - ACROSS AMERICA - By REUTERS

In­tel Corp chose the White House Oval Of­fice as its back­drop to an­nounce a $7 bil­lion in­vest­ment in a pre­vi­ously shelved Ari­zona fac­tory, which it said would cre­ate 3,000 jobs when it is up and run­ning.

In­tel Chief Ex­ec­u­tive Of­fi­cer Brian Krzanich told re­porters about the in­vest­ment while stand­ing be­hind US Pres­i­dent Don­ald Trump. The pres­i­dent told re­porters that Krzanich called him a few weeks ago to say he wanted to meet to make a big an­nounce­ment.

Krzanich said he made the an­nounce­ment at the White House as a sign of sup­port for the “tax and reg­u­la­tory poli­cies that we see the ad­min­is­tra­tion push­ing for­ward”.

Trump, a Repub­li­can who took of­fice on Jan 20, promised dur­ing his cam­paign to push com­pa­nies to keep or cre­ate jobs in the United States rather than send­ing them abroad.

In­tel was one of more than 100 com­pa­nies that joined to­gether to file a le­gal brief op­pos­ing Trump’s tem­po­rary travel ban on peo­ple from seven Mus­lim-ma­jor­ity na­tions.

The is­sue did not come up dur­ing the Oval Of­fice meet­ing, said Reed Cordish, a White House of­fi­cial in charge of tech­nol­ogy ini­tia­tives.

The com­pany said in a state­ment that the plant would be com­pleted in three or four years.

The chip fac­tory was started in 2011 as a $5 bil­lion project that was tar­geted to open in late 2013. In­tel shelved its plans in 2014 when smart­phones and tablets cut into de­mand for chips for per­sonal com­put­ers.

Krzanich said in an email to In­tel em­ploy­ees that was posted on the com­pany’s web­site that the fac­tory would build chips for data cen­ters and smart de­vices.

In­tel an­nounced less than a year ago that it would cut up to 12,000 jobs glob­ally, or 11 per­cent of its work­force, as it re­fo­cused its busi­ness to­ward mi­crochips that power data cen­ters and In­ter­net con­nected de­vices and away from the de­clin­ing per­sonal com­puter in­dus­try it helped found.


US Pres­i­dent Don­ald Trump shakes hands with In­tel CEO Brian Krzanich in the Oval Of­fice of the White House in Washington on Wed­nes­day.

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