Intel To Invest $7 Billion in Factory in Arizona, Employ 3,000 People (cnbc.com)

Intel CEO Brian Krzanich met with President Donald Trump on Wednesday, where the company announced it will invest $7 billion in a factory employing up to 3,000 people. From a report: The factory will be in Chandler, Arizona, the company said, and over 10,000 people in the Arizona area will support the factory. Krzanich confirmed to CNBC that the investment over the next three to four years would be to complete a previous plant, Fab 42, that was started and then left vacant. The 7-nanometer chips will be produced there will be "the most powerful computer chips on the planet," Krzanich said in the Oval Office with the Trump administration. Most Intel manufacturing happens in the U.S., Krzanich said. "America has a unique combination of talent, a vibrant business environment and access to global markets, which has enabled U.S. companies like Intel to foster economic growth and innovation," Krzanich said in a statement. "Our factories support jobs -- high-wage, high-tech manufacturing jobs that are the economic engines of the states where they are located."Farhad Manjoo, columnist at The New York Times, tweeted; "As far as I can tell the decision had nothing to do with Trump, but they decided to announce with Trump. Why? There was no federal subsidy or any other credit. So it's just a marketing decision to give Trump credit."

Comments

As far as a journalist can tell?

[mveloso]

Journalists are idiots, who only know what they're told.

Why would Intel be sharing its CapEx decision-making process with a journalist?

If the Journalist really knew, he'd go back through his "notes" and find the list of where Intel's proposed fab was going to be, then hunt down the decision-making process.

But he can't, so he basically is saying "I don't believe them because I have no information."

What an f-tard.

Re:As far as a journalist can tell?

[quantaman]

Journalists are idiots, who only know what they're told.

Why would Intel be sharing its CapEx decision-making process with a journalist?

If the Journalist really knew, he'd go back through his "notes" and find the list of where Intel's proposed fab was going to be, then hunt down the decision-making process.

But he can't, so he basically is saying "I don't believe them because I have no information."

What an f-tard.

The past few months has been a steady line of CEOs coming to Trump to re-announce existing job creations, things that most definitely had nothing to do with Trump. But since Trump is a crony capitalist they recognize it's important to buy favour with Trump by giving him credit.

The default assumption for any new job announcement credited to Trump should be that it's more of the same, jobs created for other reasons but credited to the President to curry favour.

Unless there's evidence to the contrary there's sufficient information to assume this has nothing to do with Trump.

Re:As far as a journalist can tell?

[meta-monkey]

Trump is a cheerleader for economic growth. If you make jobs, he's going to give you good publicity. If you make jobs leave, he's going to give you bad publicity. This encourages companies to do business in the US, which grows the economy. Doesn't matter if it had anything to do with Trump's policies or not.

Re:Trump scare maybe

[martinX]

You heard something about someone, so from that you extrapolate that the Intel chief is scared of Trump and so will commit $7 billion to avoid Trump saying something mean about him on Twitter.

Dumbest thing I've read today, but it's early.

Re:Trump scare maybe

[Applehu Akbar]

Repug

What are you, 12?

This is why we would would prefer discussing technology to politics in this forum.