Intel Opens Its First Chip Plant in China. What Would Andy Grove Say?
As China builds up its tech base, the government has been seeking to become a developer of cutting-edge technology, rather than merely a center for inexpensive manufacturing.
"The most immediate impact of our multi-billion-dollar investment will be the thousands of jobs associated with building a new fab and upgrading four others, and the high-wage, high-tech manufacturing jobs that follow," Paul Otellini, Intel CEO, said in a statement regarding the State-side projects. Intel expects to create 6,000 to 8,000 construction jobs and 800 to 1,000 high-tech jobs in the U.S.
Intel's announcement last week is more in line with the thought-provoking essay penned by its renowned former CEO Andy Grove earlier this year, which appeared in Bloomberg BusinessWeek, titled "How America Can Create Jobs."