Intel Corp just announced that it is investing $7B right here in Chandler, AZ in the most advanced semiconductor factory in the world.
The plant, aptly named Fab 42, will take 3-4 years to complete and will create approximately 3,000 high-tech jobs for engineers, technicians and other support personnel.
The factory will produce 7-nanometer chips that “will be the most powerful computer chips on the planet,” the company said in a statement.
Over the long run, the facility is expected to create more than 10,000 jobs in Arizona. This is great news for Chandler and Arizona as a whole. There are currently a slew of tech companies based here such as Amazon, Yelp and Yodle to name a few.
President Trump called the investment “a great thing for Arizona.”