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

Re:reasons enough: tax cuts and deregulatory polic

[__aaclcg7560]

"[...] But Mr. Krzanich said that the tax cuts and deregulatory policies pushed by Mr. Trump had prompted the company to move forward with its plans."

Tax cuts and deregulatory policies that Trump only talked about. No executive order will change or enact these items. The Republicans are too busy arguing among themselves on how to repeal and replace ObamaCare that they don't have time for anything else. We're overdue for a recession. I look forward to buying stocks on the way down.

Re:As far as a journalist can tell?

[epiphani]

You'll note there's nothing to not believe. The journalist was simply pointing out that there is no apparent reason for this announcement to come from Intel's CEO while he's in the Oval Office. Nothing in the announcement, brief, or subsequent details suggests this has anything at all to do with Trump. Except the location of the announcement.

H's just confused about why it took place in the Oval Office. There's two possible reasons really:

(1) Trump did something to prompt this decision. In which case, I would expect, based on Trump's personality, that he'd be telling everyone who will listen how he did it.
(2) Trump didn't do anything except arrange for the announcement to come from inside the Oval. I personally think this is the case - it gives people (like you) that want to believe he's doing something a talking point, valid or not - and two, it gives Intel the perception of being both pro-trump and meh-trump at the same time.

The short version here is that we're being fed something. I hesitate to call it bullshit, because nobody said anything weird - but it certainly looks like people are trying to play some kind of game here.

They Want Export Bans Lifted

[Kagato]

The US Gov't blocked Intel from selling their most powerful CPUs to China. Intel would like to roll that back since all it did was get China to create a high power domestic that they can now export to compete with Intel.

Re:As far as a journalist can tell?

[meta-monkey]

The short version here is that we're being fed something. I hesitate to call it bullshit, because nobody said anything weird - but it certainly looks like people are trying to play some kind of game here.

Yes, this is PR, and Trump has said that one of the jobs of President is "chief cheerleader." So if you make jobs in the country, Trump is going to give you an bouquet. If you make jobs leave the country, he's going to give you a brickbat. Whether the decisions had anything to do with him or not are irrelevant.

Economies are self-fulfilling prophecies. If people believe the economy is going to get better, they go out and spend money. This makes the economy better. If people believe the economy is going to get worse, they stop spending money. This makes the economy worse.