Post Tech: Intel CEO, new Obama jobs adviser, announces new chip facility
Intel chief executive Paul Otellini, just appointed to President Obama's panel on jobs and competitiveness, said Thursday that the chipmaker will build a manufacturing plant in Arizona that will create thousands of new construction, manufacturing and engineering jobs.
Otellini was speaking at the firm's Hillsboro, Ore,.-based campus, where Obama visited to tour the semiconductor manufacturing facilities and talk about educational and jobs programs aimed at building a stronger high-tech economy.
Intel has committed $1 billion toward global educational programs and has trained math and science teachers in the United States. At the Intel campus facility Obama told the chipmaker and other high-tech companies that the White House wants to support their cause, promising research and development tax credits, science and math educational funding, and patent reforms.
"We view these efforts and other educational efforts as vital initiatives," Otelli said, introducing Obama for a speech to local employees. The president spoke about education initiatives, such as tax credits for college tuition.
Earlier, the White House announced that Otellini will join the its new panel on jobs and competitiveness. The panel of outside economic advisers, which is headed by General Electric Co. chief executive officer Jeffrey Immelt, was created by the president last month to find ways to encourage hiring and boost U.S. economic competitiveness.
Intel is developing a manufacturing plant in Hillsboro that produces chips for devices, laptops and servers. It is part of an $8 billion investment in new facilities that the company has said will create 6,000 to 8,000 construction jobs and 800 to 1,000 new permanent high-tech jobs.