Intel announced it will invest $7 billion to complete an unfinished plant in Arizona.
Intel's CEO made the announcement from the Oval Office, side by side with President Donald Trump.
Intel says the investment was inspired in part by the administration's plan to cut taxes and deregulate American industries.
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The plant has been under construction for years, but work has been on hold since 2014.
Once the plant is finished, it will employ about 3,000 people. The plant will produce 7-nanometer computer chips, which the company touts as the next push to speed up and shrink down computing technology.
