The United States manufacturing industry continues raking in the good news. Breaking a long dark streak in the industry’s history, it looks as though manufacturers are finally able to breathe a sigh of relief. In today’s (2/8/2017) White House press briefing, it was announced that Intel Corp. will be investing $7 billion into their US operations. The company will use these funds to complete the facility Fab 42 located in Chandler, Arizona. This will be the most advanced semiconductor manufacturing facility in the world.
The high-volume factory will use the 7 nanometer (nm) manufacturing process to produce microprocessors which power data centers and smart, connected devices worldwide. President Donald Trump and Intel’s CEO, Brian Krzanich made the announcement from the White House this afternoon.
Fab 42 is expected to be completed within 3 to 4 years and will be responsible for the creation of about 3,000 high-tech, high-wage Intel jobs for process engineers, equipment technicians and facilities-support engineers and technicians who will be working directly on-site. Overall, it is estimated that the indirect impact on businesses which will support that factory’s operation will create more than 10,000 total long-term jobs in Arizona.
“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,” Brian Krzanich said in a statement. He continues by saying, “Our factories support jobs – high-wage, high-tech manufacturing jobs that are the economic engines of the states where they are located.” (http://cnb.cx/2kncRvh)
This is one of the largest investments in the American manufacturing industry since President Trump took office. The United States has seen a plethora of companies either expanding or constructing new manufacturing facilities. Automotive manufacturers were the first to jump on board but it seems now even technology manufacturers are ready to invest in the future of the US economy. Fab 42 is poised to have a monumental impact on the Chandler area.
Opening a facility of this size is not a localized success story. An operation on this scale has widespread reach, affecting all businesses throughout Intel’s supply chain.
The video below is from the Oval Office where President Donald Trump and Intel’s CEO Brian Krzanich make the announcement about Fab 42.