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President Barack Obama toured one of the largest and most advanced semiconductor research and manufacturing sites in the world and spoke to local students and high-tech factory workers at Intel Corporation’s Oregon site today. The President’s visit focused on innovation in America, and the crucial role of education in maintaining U.S. competitiveness.  Intel CEO Paul Otellini announces plans to build a new $5 billion-plus factory in Arizona and hire 4,000 new U.S. employees this year.

News Highlights

  • Intel hosts President Obama at its world-class semiconductor research and manufacturing complex near Portland, Oregon
  • President discusses jobs and competitiveness in the global economy
  • Intel CEO Paul Otellini announces plans for another new U.S. factory, a $5 billion wafer fabrication facility in Chandler, Ariz., to produce future microprocessors
  • Otellini also reveals plans to hire 4,000 new U.S. employees this year
  • Education showcased as the President meets with science and math students
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