Intel to invest $7 billion in Chandler, AZ factory; 3,000 people to be employed

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WASHINGTON (3TV/CBS 5/AP) -

Intel has announced that it will invest $7 billion in a factory in Chandler, Arizona. That factory would employ up to 3,000 people.

Intel chief executive Brian Krzanich made the announcement during a meeting with President Donald Trump on Wednesday.

Krzanich said that Intel will be completing the factory and making "the most advanced" chips on the planet." The CEO says the factory will employ about 3,000 workers directly -- and 10,000 workers in Arizona in support of the factory. 

Krzanich says the announcement comes partly in response in part to Trump's tax and regulatory policies. 

Trump calls the product that Intel will be making is "amazing." 

"This is great news," said Arizona Gov. Doug Ducey. "We're very excited."

The Chandler plant was built and then left vacant by the Santa Clara, California-based company. It had touted the facility as a new $5 billion investment in Arizona that would bring 2,000-3,000 construction jobs to the state. State lawmakers said they expected about 1,000 permanent positions.

The facility was left vacant after market conditions for the chips it planned to make there changed.

Wednesday's announcement increased the investment amount to $7 billion and the number of jobs to 3,000.

    You can watch Gov. Ducey's reaction here:

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