Trump Touts Intel Factory Started Under Obama
President Donald Trump, accompanied by Intel CEO Brian Krzanich, speaks to members of the media during his meeting in the Oval Office of the White House in Washington. Krzanich announced a $7 billion investment in advanced factory in Chandler, Ariz. (AP Photo/Pablo Martinez Monsivais)
At his press conference with the Japanese prime minister, President Donald Trump touted plans by Intel announced this week to open a $7 billion factory because of his administration’s planned tax cuts.
But that’s not the whole story behind the Chandler, Arizona facility_which began construction during Barack Obama’s presidency. In fact, Obama appeared at the side of Intel’s CEO when the factory was announced and even spoke at the construction site in 2012.
Intel never finished its “Fab 42” factory because there was insufficient demand for its high-powered computer chips, a spokesman said this week. The company plans to complete the facility within four years because it expects its business to grow.
Intel CEO Brian Krzanich said he made his announcement at the White House in support of the president’s tax and regulatory policies, which have yet to be publicly detailed.
