One of the most important microchip manufacturers, Intel is now the topic of technology world thanks to its significant investment in America. The company aims to speed up Fab 42’s building process with this investment.
Being the world’s dominant topic with the visa prohibition issue, USA is now talking about a new investment. A leader in microchip manufacturing, Intel Corp. is stated to support the innovation plan that Trump’s set forth. The firm will provide a very generous support for this cause.
Planned to be the biggest microchip facility of the world, The Fab 42’s building will speed up by 7 billion dollars investment. The decision was expressed by Intel CEO Brian Krzanich in a meeting with Donald Trump in White House.
The completion of Fab 42 in 3 to 4 years will directly create approximately 3,000 high-tech, high-wage Intel jobs for process engineers, equipment technicians, and facilities-support engineers and technicians who will work at the site. Combined with the indirect impact on businesses that will help support the factory’s operations, Fab 42 is expected to create more than 10,000 total long-term jobs in Arizona.
“Intel’s business continues to grow and investment in manufacturing capacity and R&D ensures that the pace of Moore’s law continues to march on, fueling technology innovations the world loves and depends on,” said Krzanich. “This factory will help the U.S. maintain its position as the global leader in the semiconductor industry.”
“Intel is a global manufacturing and technology company, yet we think of ourselves as a leading American innovation enterprise,” Krzanich added. “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. Our factories support jobs — high-wage, high-tech manufacturing jobs that are the economic engines of the states where they are located.”