Intel Corp. to invest more than $7 billion in Chandler

Intel Investing $7 billion in its Chandler Facility

Intel Corp. announced plans to invest more than $7 billion to complete the most advanced semiconductor factory in the world in Chandler.

The completion of the high-volume factory, known as Fab 42, will take three to four years and create 3,000 high-tech, high-wage Intel jobs for process engineers, equipment technicians and facilities support engineers and technicians.

Fab 42 is expected to create more than 10,000 long-term jobs in Arizona combined with the indirect impact on businesses that will support the factory’s operations, according to Intel.

Intel CEO Brian Krzanich made the announcement today during a meeting with President Donald Trump in the White House.

Fab 42 will use the 7-nanometer manufacturing process to produce microprocessors to power data centers and hundreds of millions of smart and connected devices.

The chips made using this process will power the most sophisticated computers, data centers, sensors and other high-tech devices, enabling artificial intelligence, more advanced cars and transportation services, and breakthroughs in medical research and treatment, according to Intel.

Gov. Doug Ducey said Intel's expansion is "huge news" for the state.

"With thousands of jobs and a $7 billion investment, Fab 42 will create a ripple effect throughout our economy," Ducey said in a statement. "This means jobs for Arizonans, and a historic investment in our state. Intel's commitment to Arizona speaks volumes about our workforce, advanced educational infrastructure, business environment and commitment to technology and innovation. This represents a core area of Arizona expertise, advanced engineering and manufacturing."