On Wednesday, Intel CEO Brian Krzanich unveiled plans to complete an advanced semiconductor factory in Chandler, Arizona, from the Oval Office, standing next to President Trump. Intel, the world's largest computer chip maker, broke ground on the plant in 2011 (former President Barack Obama visited in 2012), but Intel suspended the project when the PC market hit a slump. Krzanich said the company decided to make this $7 billion investment now because of "the tax and regulatory policies we see the administration pushing forward."
In a note to employees, Krzanich said Intel had coordinated the unveiling with the White House starting a few weeks ago to signal support for the parts of Trump's agenda that benefit Intel, like the push to make U.S. manufacturing more globally competitive. But "when we disagree, we don't walk away," he added.
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