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Industry. fab 42 will employ approximately 3,000 direct high-paying, high wage high-tech jobs at its peak and over 10,000 people in the arizona area in support of the factory. this factory will produce, as i said, the most powerful computer chips on the planet, powering the best computers, the best data centers, autonomous cars. all of these devices are the most powerful computing devices on the planet. at intel we have a simple saying that says while other people predict the future, we build the future. this factory is a great example of that. i want to thank the president for this opportunity to be here today. thank you, brian. we have something over there that will show a little bit about the new product. this is an example of the that will be built in fab 42. this is one of our newest ....
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But republicans, and, wolf, you did engs many, yes, that tweet that he just put out there a few moments ago. he is saying that there s a big increase in traffic into our country from certain areas while our people are far more vulnerable as we wait for the decision, the easy d, as he called it. we believe he is referring to a decision there, but, wolf, you ll notice in that tweet he is talking about certain areas. at this point we don t know what areas of the world the president is referring to there. you would have to think it s presumably from those areas that are affected by the travel ban that has been frozen in the courts. we re about to get tape, jim. the president has been meeting with the ceo of intel, brian. we re about to get a little bit of that meeting. the president has been meeting with a wide range of business leaders and others who have been invited to the white house, and, brian is just one of them. we re getting that tape in, i think, momentarily. i m going to play ....
Silicon wafers. seven nanometers will be built in fab 42, and this is the future of computing. do you have any questions for brian? i know you have none for me, so how about the other business you have outside the country, do you plan on bringing them back here? this is actually expansion. this is about growth. this position is actually about growth and new jobs in the u.s. great thing for arizona. unbelievable company and product, and we re very happy. i can tell you the people of arizona are very happy. it s a lot of jobs and probably the investment what are you saying your total investment will be what? total investment in just this factory is $7 billion, but if you take arizona, we already have two other factories in arizona. we have several tens of billions of dollars of investments and factories in arizona. we re the number one private employer in arizona. ....
We have it right now, in fact. you never seen so much paper on a president s desk. it s because we re negotiating lots of deals for our country, which will be tremendous. i just want to introduce brian who is the ceo of intel, a great, great company and brian called a few weeks ago and said we want to do a very big announcement having to do wur on country, and having to do mostly with arizona and the jobs and the great technology that will be produced, so this is brian, and brian why don t you say awe foo words and also talk about the product that you re going to be making. it s amazing. thank you, mr. president, we re here representing intel. to be able to announce our $7 billion investment in our newest ....