You can't blame Intel
The chip giant has committed to spending $5 billion on a down-home chip plant in Arizona, hot on the heels of CEO Paul Otellini landing a seat on President Obama's recently started Council on Jobs and Competitiveness.
I can't think of a better move to cement Otellini's place on that council than injecting billions of dollars into American construction, followed by about 4,000 permanent jobs at the site. Intel may sell most of its products overseas, but remains committed to a mostly American manufacturing base. Taiwan Semiconductor Manufacturing
Intel sees its top-notch manufacturing operations as a competitive advantage to hold rivals Advanced Micro Devices
Otellini is only the second member of Obama's reformed job-creating committee, following the appointment of General Electric CEO Jeff Immelt in January. It remains to be seen whether Intel can leverage that high-profile appointment as another weapon in its arsenal, but I'd be shocked if Otellini didn't give it the old college try.
Few businesses have a stronger reputation for hardnosed business practices, after all, and some would even call the company heartless. The warm-and-fuzzy aura from Intel's large impact on the American market for high-tech jobs may ameliorate that impression but can't completely erase it.
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