Tag: Intel Corp.

“Making It Easier to Make It in America”

Manufacturing is a hot topic in around the country – as evidenced by some of the Super Bowl ads that aired last night – and Washington is no exception.  Republicans on the House Energy and Commerce Subcommittee on Commerce, Manufacturing, and Trade held a jobs and innovation forum entitled, “Making it Easier to Make it in America,” bringing together representatives of American companies, including Intel, with members of Congress to discuss opportunities for strengthening the manufacturing sector.

Jay Timmons addresses the members of Congress on the need for a manufacturing renaissance at a forum held by the Energy and Commerce Committee Republicans

Jay Timmons, the NAM’s President, was an invited guest and he took the opportunity to share the current state of manufacturing – detailing the challenges facing manufacturers as well as their successes.

Jay weighed in on each of the forum’s wide array of topics, including taxes, trade, and the critical need for Washington to develop a coherent “all-of-the-above” energy policy, saying that, “Energy costs are, outside of labor, the number one cost of running a manufacturing business.”

Bill Holt, General Manager of Intel’s Technology and Manufacturing Group, raised the issue of the extremely high U.S. corporate tax rate – a rate that, as of April 1st, will be the highest of any industrialized country.

“Our tax rate is 29% – higher than all of our foreign competitors. That really puts us at a disadvantage.”  

Today’s discussion was a good opportunity to talk with policy makers about what is needed to truly have a Manufacturing Renaissance. As Jay noted, manufacturers need each aspect of the NAM roadmap put into action – the sooner the better.

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Intel Announces $5 billion Investment, 4,000 New Employees

Heck of a day in Hillsboro. With President Obama on hand, Intel CEO Paul Otellini made some news, “President Obama Visits Intel’s Oregon Research and Manufacturing Site, Highlights Education, Jobs and Innovation.” Highlights:

  • Intel hosts President Obama at its world-class semiconductor research and manufacturing site in Hillsboro, Ore.
  • President discusses jobs and competitiveness in the global economy.
  • Intel CEO Paul Otellini announces plans to build a new $5 billion-plus factory in Arizona.
  • Otellini also reveals plans to hire 4,000 new U.S. employees this year.
  • Education showcased as the President meets with science and math students.

From Otellini’s remarks, the portion describing the new plant going up at Intel’s Ronler Acres site in Hillsboro.

This new factory will play a central role extending Intel’s unquestioned leadership in semiconductor
manufacturing. The transistors and chips it will produce will be the most dynamic platform for innovation
that our company has ever created. Together they will enable more capable computers, the most
advanced consumer electronics and mobile devices, the brains inside the next generation of robotics, and
thousands of other applications that have yet to be invented…. (continue reading…)

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President Names Intel’s CEO to Jobs Council

The Oregonian has the news today, “Intel and Obama embrace in Hillsboro today over shared priorities“:

President Barack Obama and Intel Chief Executive Paul Otellini share a stage for the first time today when the president arrives in Hillsboro to tout the chip maker’s education initiatives and investment in domestic manufacturing.

After a difficult courtship, the Democratic president and Republican CEO have found common ground on innovation and education. Obama this morning will appoint Otellini to the President’s Council on Jobs and Competitiveness, adding a top-tier name from the tech industry to a new group charged with boosting U.S. economic performance.

The appointment, and today’s meeting in Hillsboro, is the fruit of more assertive lobbying by the high-tech industry and Obama’s need to display closer ties to business.

News reports highlight critical comments Otellini has made about the Administration’s economic policies, views that represent many of those in manufacturing.

From The Hill, “White House reaches out to Intel critic who blasted job policies“:

Asked during an interview in August what advice he would give the president on jobs, Otellini said: 

“The most important thing the current administration can do is remove the number of variables out there. There are so many things where business leaders can’t predict what’s going to happen. Businesses don’t like uncertainty. When you start reducing the variables and putting predictability into the system, you can now make informed decisions.”

 The President’s Council is chaired by Jeffrey Immelt of General Electric, and Otellini becomes the second person named to the panel. We trust that the President’s upcoming appointments will include more manufacturers and representatives from small business.

More …

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President to Visit Intel, Oregon, to Learn about STEM Education

From the White House’s weekly schedule:

On Friday, the President will visit Intel Corporation in Hillsboro, Oregon. While at Intel the President will tour the world’s most advanced semiconductor manufacturing facility as well as learn more about Intel’s STEM (Science, Technology, Engineering and Math) education programs.

The President will appear with Intel President Paul Otellini, USA TODAY reports.

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