Intel’s new CEO is hitting the ground running. For starters, he just launched a $20 billion investment in new Arizona manufacturing  facilities. And that wasn’t even the company’s biggest announcement that day.

Intel also revealed it is dedicating capacity in Arizona for US-based semiconductor companies – even competitor Qualcomm. Dr. Randhir Thakur (pictured above), Intel’s Chief Supply Chain Officer, will head the new operation, called Intel Foundry Services.

Find out why. Read my analysis in the Tech section of USA Today.