In a recent sit-down with President Trump, Intel CEO Brian Krzanich announced plans for a $7 billion manufacturing facility in Arizona that will employ 3,000 people in high-skill positions. John McKinnon and Rebecca Ballhaus report for The Wall Street Journal:
A White House official described the planned Intel facility as “the most advanced semiconductor facility in the world.” It will provide 3,000 high-skill manufacturing jobs, officials said.
Some chips that will be made there will be used in emerging technologies that Intel is seeking growth as its personal computer business matures. Those new areas include 5th generation or 5G networks and drones.
“This will impact a wide spectrum of industries from automotive to health care,” the White House official said.
The plant is expected to be producing chips within three to four years and will take advantage of a next-generation manufacturing recipe that will etch even tinier transistors on a chip than Intel’s latest process, which is due to be reach the market later this year, the company said.
Read more here.
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