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Trump meets Intel CEO about US jobs and manufacturingIntel CEO Brian Krzanich meets with President Trump at the White House and endorses his administration's efforts to boost US manufacturing.
You've never seen so much paper on a President's desk. [LAUGH] And that's because when negotiating lots of deals for our country, which would be tremendous. And I just wanna introduce Brian Krizanic who is the CEO of Intel, a great, great company. And Brian called a few weeks ago, and said we wanna do a very big announcement. Having to do with our country, but also having to do mostly with Arizona and the jobs and the great technology that will be produced. Thank you Mr. President. It's an honor to be here today, representing Intel. And to be able to announce our $7 billion investment. In our newest, most advanced factory, Fab 42, in Chandler, Arizona. We will be completing that factory to make the most advanced seven nanometer semiconductor chip on the planet. Intel is very proud of the fact that the majority of our manufacturing is here in the US and the majority of our research and development Here in the US, while over 80% of what we sell is sold outside of the US. They were consistently one of the top five exporters in the country, and one of the top two research and development spenders in the United States. [UNKNOWN] is an investment in intel but also the US' future. In innovation and leadership in the semiconductor industry. And in fact, 42 will employ approximately 3,000 direct, high paying, high wage, high tech jobs at its peak, and over 10,000 people In the Arizona area in support of the factory. This factory will produce, as I said, the most powerful computer chips on the planet. Powering the best computers, the best data centers, autonomous cars. All of these devices are the most powerful computing devices on the planet. This is an example of the wafer that will be built in prop 42. This is one our newest 10 nanometer silicon wafers. Seven nanometers will be built in prop 42, and this is the future of computing. [INAUDIBLE] This is about expansion, this is about growth. So this position is actually about growth and new jobs in the US Great thing for Arizona. Unbelievable company and product, and we're very happy. And I can tell you the people of Arizona are very happy. It's a lot of jobs. And probably the investment It's really in support of the tax and regulatory policies that we see the administration pushing forward that really make it advantageous to do manufacturing in the US. [BLANK_AUDIO]