Intel chief says firm will invest $7 billion in Arizona semiconductor factory

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Brian Krzanich, Intel CEO, speaks during the Intel press conference at CES in Las Vegas, January 4, 2017. REUTERS/Rick Wilking (Copyright Reuters 2017)

Intel Corp Chief Executive Officer Brian Krzanich said during a visit with President Donald Trump on Wednesday that the computer chip manufacturer will invest $7 billion in an Arizona semiconductor factory.

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Krzanich, speaking to reporters in the Oval Office, said the factory would employ 3,000 people at its peak.

(Reporting by Roberta Rampton; Writing by David Alexander; Editing by Doina Chiacu)