Thursday, February 9, 2017

Tech giant Intel to offer 3,000 US Jobs

 Intel CEO Brian Krzanich after a meeting with US President Donald Trump announced that the tech giant will invest $7 billion in a new factory employing up to 3,000 people, the media reported.

The factory will be in located Chandler, Arizona, the company said.Krzanich confirmed to CNBC News 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 US, Krzanich said."America has a unique combination of talent, a vibrant business environment and access to global markets, which has enabled US 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." After the announcement, Trump tweeted his thanks to Krzanich, calling the factory a great investment in jobs and innovation, CNBC News reported.

The announcement comes as the technology industry has pushed back against the Trump administration, amid mounting pressure to move manufacturing jobs back to the US.

However, the White House said that there will be no incentives from the federal government for the Intel project.

In addition to the 3,000 jobs, the revived Fab 42 is likely to generate an estimated 7,000 further jobs to support the plant, Mr Smith said. Those support positions include technicians who aren’t employed by Intel but work on-site to help keep the equipment running at top performance, as well as security and other site functions. Those jobs would phase in as construction is completed and the facility begins producing chips in three to four years

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