Intel recently announced plans to invest more than $7 billion to complete Fab 42, which is expected to be the most advanced semiconductor factory in the world.

The high-volume factory in Chandler, Arizona, is targeted to use the 7-nanometer (nm) manufacturing process to produce microprocessors to power data centers and smart and connected devices worldwide. The announcement was made by U.S. President Donald Trump and Intel CEO Brian Krzanich at the White House.

The completion of Fab 42 in three to four years will create approximately 3,000 high-tech jobs for process engineers, equipment technicians, and facilities-support engineers and technicians who will work at the site. Combined with the indirect impact on businesses that will help support the factory's operations, Fab 42 is expected to create more than 10,000 long-term jobs in Arizona.

The 7-nm semiconductor manufacturing process targeted for Fab 42 will be the most advanced semiconductor process technology used in the world and represents the future of Moore's Law. In 1968 Intel co-founder Gordon Moore predicted that computing power will become significantly more capable and yet cost less year after year.

"Intel's business continues to grow, and investment in manufacturing capacity and R&D ensures that the pace of Moore's law continues to march on, fueling technology innovations the world loves and depends on," said Krzanich. "This factory will help the U.S. maintain its position as the global leader in the semiconductor industry."

For more information, visit www.intel.com.