Entries in Intel (2)


Obama Visits Intel Plant, Urges Investment and Innovation

Photo Courtesy - ABC News (file)(HILLSBORO, Ore.) -- President Obama visited a cutting edge Intel plant in Hillsboro, Ore. Friday to learn how to make American kids more competitive in math and science.

“One of my staff said it’s like magic,” the President said to laughs after describing what he’d just seen inside. “I have to say for all the gadgets you’ve got here what’s actually most impressive is the students -- the science projects that I got a chance to see.”

Inside the plant’s manufacturing facility, the president was given a “window tour” of the high-tech chip making process by Intel CEO Paul Otellini.

“If we want to make sure Intel doesn’t have to look overseas for skilled workers then we have to invest,” the president told a group of about 350 Intel employees and local dignitaries. “We have to out build, out innovate and out hustle the rest of the world.”

The trip is part of the president’s efforts to focus education more directly on math and science to compete in a high-tech global marketplace. He pointed out that over the next ten years nearly half of all new jobs will require education that goes beyond a high school degree – a significant shift.

“And yet today as many of a quarter of our students aren’t even finishing high school,” he said. “We can’t win the future if we lose the race to educate our children.”

At the event, Intel’s CEO announced plans to hire 4,000 U.S. employees this year as well as plans for a new $5 billion factory in Arizona.

Copyright 2011 ABC News Radio


Intel Earnings Report: 2010 Most Profitable Year in Company's History

Photo Courtesy - Intel Corporation(SAN FRANCISCO) -- Intel predicts that 2011 will be a good financial year after reporting a record-setting 2010.

"2010 was the best year in Intel's history.  We believe that 2011 will be even better," Intel CEO Paul Otellini said in a statement.

Intel Corporation netted $11.7 billion last year, up 167 percent from 2009.  But despite being the world's largest provider of PC processors, the company has yet to gain a competitive advantage in smartphones and tablets -- a trend growing increasingly popular with consumers who desire a more portable means for computing.

The technology company's outlook is optimistic though.  Intel expects to earn revenues of around $11.5 billion in the first quarter alone.

Copyright 2011 ABC News Radio

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