- The Washington Times - Wednesday, February 8, 2017

The CEO of Intel told President Trump on Wednesday afternoon that the high-tech firm is moving forward with plans to build a $7 billion manufacturing plant in Arizona that will create at least 3,000 jobs.

“It’s really in support of the tax and regulatory policies that we see the administration pushing forward,” said Intel CEO Brian Krzanich, calling the proposed policies “advantageous.”

Mr. Krzanich met with Mr. Trump in the Oval Office and showed him the 7-nanometer semiconductor chips that will be manufactured in Chandler, Arizona.

Mr. Trump called the plan “a great thing for Arizona.”

“You’ve never seen so much paper on a president’s desk,” Mr. Trump said, gesturing to his paperwork. “That’s because we’re negotiating lots of deals for our country, which will be tremendous. We’re very happy, and I can tell you the people of Arizona are very happy.”

Mr. Krzanich confirmed that Intel had been planning the project for about four years but held off “doing this investment until now.”

White House press secretary Sean Spicer noted that President Obama visited the same factory site during his re-election campaign in 2012, “touting the government incentives that were supposed to bring back jobs that had been lost to Asia.”

“President Trump knows that for business, the real government incentive is the government restraining itself,” Mr. Spicer said.

Mr. Obama did visit the Intel complex in Arizona after his State of the Union address in 2012. Intel officials told him of their plans for a $5 billion expansion, but it was put on hold in 2014.

Presidential assistant Reed Cordish said Mr. Trump’s plans for tax cuts and deregulation “have given them confidence and the will to move forward.”

Mr. Cordish said the project will create as many as 7,000 additional jobs in supply-chain entities.

The president and Mr. Krzanich did not discuss the timing of tax reform, which the president has said he hopes to complete in Congress this year.

“America has a unique combination of talent, a vibrant business environment and access to global markets, which has enabled U.S. companies like Intel to foster economic growth and innovation,” Mr. Krzanich said in a statement. “Our factories support jobs — high-wage, high-tech manufacturing jobs that are the economic engines of the states where they are located.”

The federal government did not offer Intel specific incentives for the project, Mr. Cordish said.

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