Intel is touting the upcoming Chandler plant as the "most advanced semiconductor factory in the world."
Plans for Intel's semiconductor plant, dubbed Fab 42, were announced Wednesday, with an estimated total investment of over $7 billion, according to an announcement made by President Trump.
More than 10,000 long-term jobs are expected to be created from Fab 42, which will produce microprocessors intended for data centers and smart devices.
The semiconductor plant is expected to be completed in between 2020 and 2021.
Gov. Doug Ducey released the following statement on Wednesday afternoon: "Intel’s expansion in Arizona is huge news for our state. With thousands of jobs and a $7 billion investment, Fab 42 will create a ripple effect throughout our economy. This means jobs for Arizonans, and a historic investment in our state. Intel's commitment to Arizona speaks volumes about our workforce, advanced educational infrastructure, business environment and commitment to technology and innovation. This represents a core area of Arizona expertise, advanced engineering and manufacturing. We are thrilled about this announcement and what it means for Arizonans."
