Intel's 'New' Factory Isn't About Trump--It's About Fixing Intel

Intel CEO Brian Krzanich promised $7 billion today to resume construction of a chip factory near Phoenix that could one day employ 3,000 people. But he didn't make the announcement at the job site or on stage during a Silicon Valley keynote. Instead, Krzanich stood in the Oval Office holding a sheet of microchips next to President Trump. The photo-op played into Trump's #AmericaFirst promise of more US manufacturing jobs, and the president didn't waste time exploiting the PR moment. But everything was not as it looked.