Intel chooses White House to announce $7B factory investment

During their meeting at the Oval Office, Intel CEO Bryan Krzanich told Trump that the company is investing $7 billion in a an Arizona factory, per White House pool reports. Krzanich said that the factory — which will create the "most advanced" semi-conductor chips on the planet — will employ about 3k workers directly, and 10k workers in Arizona in support of the factory.

Krzanich added that Trump's "advantageous" tax and regulatory policies are partly responsible for their decision to announce the factory investment at the White House. Trump called the investment "a great thing for Arizona," and said the products will be "amazing."