Intel CEO: We’re Announcing a $7 Billion Investment in Arizona

‘Intel is very proud of the fact that the majority of our manufacturing is here in the U.S. and the majority of our research and development is here in the U.S.’

EXCERPT:

KRZANICH: "Thank you, Mr. President. It's an honor to be here today here representing Intel and to be able to announce our $7 billion investment in our newest most advanced factory, Fab 42 in Chandler, Arizona. We’ll be completing that factory to make the most advanced 7 nanometer semiconductor chips on the planet. Intel is very proud of the fact that the majority of our manufacturing is here in the U.S. and the majority of our research and development is here in the U.S., while over 80 percent of what we sell is sold outside of the U.S. We 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. We’ve been able to do that even while the regulatory and tax policies have disadvantaged us in the past relative to the competition we have across the world."

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