Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 06 October 2010 12:22

Otellini calls for more tech investments in US

Written by


More innovation needed to stay on top
Intel CEO Paul Otellini addressed the controversial Council on Foreign Relations on Tuesday and called for policy makers to create a new culture of investment in the US. Otellini believes that the state should offer tax breaks and additional incentives in order to promote high-tech investments in the land of the free.

Otellini said that that the US was in the best position to create new innovations necessary for economic growth and that the opportunity had to be seized in order to maintain technological and economic competitiveness.

He pointed out that the construction of a single semi-conductor fab usually costs about $1 billion more in the US than in other countries that offer generous incentives for investors. The total cost of such plants is around $4 billion. Despite this, Otellini said that Intel plans to keep building new plants in the US, although one fifth of its plants were already overseas.

Although he said he would not talk about politics, Otellini also used the address to criticize the Obama administration. He believes that the current administration lacks enough business experts and he pointed out that there were no CEOs in the cabinet.

Otellini has made similar bleak predictions in the past, mainly at gatherings where secret handshakes are the norm.

More here.
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments