Intel Pledges $7 Billion Arizona Investment in Trump Meeting

Intel Corp. Chief Executive Officer Brian Krzanich said the semiconductor maker will invest $7 billion to complete a chip factory in Chandler, Arizona, becoming the latest company to use a meeting with President Donald Trump to tout spending and job-creation plans that were already in place. Krzanich, speaking Wednesday in the Oval Office, called the investment an expansion of Intel’s presence in Chandler that will finish a plant — already under construction — capable of advanced 7-nanometer chip production.