Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Video: Obama Visits Intel in Oregon, and a Silicon Lovefest Ensues

While there’s no sign yet of a photo of the leader of the free world in a bunny suit (This shot of John Kerry in a similar getup while on a visit to NASA may have something to do with it), this native Oregonian can’t help but feel the flutter of native pride over President Obama’s visit to Intel’s plant in Hillsboro Oregon today.

Earlier in the day Intel CEO Paul Otellini agreed to join the President’s Council on Jobs and Competitiveness, which is chaired by General Electric CEO Jeffrey Immelt. Otellini announced some more good news: Plans to build a new $5 billion-plus chip factory in Arizona and hire 4,000 workers there. (Yay, America…meanwhile Oregon still gets D1X) The text of Otellini’s prepared remarks is below the video.

What a difference a year makes. At this time last year, Intel was preparing to defend itself against an antitrust lawsuit brought by Obama’s Federal Trade Commission. A settlement last August brought an end to that. Now Obama and Intel totally heart each other, as you can see in the video below, shot by The Oregonian.

The visit followed last night’s dinner at the home of venture capitalist John Doerr with numerous Silicon Valley execs, where POTUS sat between Apple CEO Steve Jobs and Facebook CEO Mark Zuckerberg.

Video streaming by Ustream

Remarks (as prepared) by Paul Otellini, President and CEO of Intel Corporation, during President Obama’s visit to Intel’s campus in Hillsboro, Ore., on Feb. 18, 2011.

Good morning and welcome. And Governor Kitzhaber, thank you for being here. I’m excited to be here today to celebrate American innovation and American manufacturing.

Our country and this company have been built on innovation – and manufacturing has been at the heart of America’s economy for over a century. Technology and the semiconductor industry have been driving economic growth for the last 50 years. In fact, when averaged over the last 5 years, the semiconductor industry is the nation’s #1 exporter.
Today we celebrate the construction of Intel’s new semiconductor manufacturing plant called D1X.

For the past 2 years I have been discussing the need to re-ignite innovation in the U.S as a means of creating jobs and wealth in our society.

I believe the world of technology and a vibrant manufacturing base lies at the heart of creating this future. This is one of the reasons for our continued investment in Oregon, and our commitment to build Fab D1X.

This new factory will play a central role extending Intel’s unquestioned leadership in semiconductor manufacturing. The transistors and chips it will produce will be the most dynamic platform for innovation that our company has ever created.

Together they will enable more capable computers, the most advanced consumer electronics and mobile devices, the brains inside the next generation of robotics, and thousands of other applications that have yet to be invented.
I’d like to pause for a moment to give you a glimpse of what will be involved in creating such a technologically advanced operation.

D1X will be a vital addition to what is already one of the largest and most advanced semiconductor research and manufacturing sites in the world. Building it we will create approximately 3,000 construction jobs over 2 years. The structure will require 19 tons of steel, 40 miles of pipe, and 13,000 truckloads of cement. When finished, D1X will have a cleanroom as big as 4 football fields. It is scheduled for start-up in 2013; and it will be the first 14-nanometer microprocessor factory in the world.

Intel is a global company today, and proudly so. Yet, we think of ourselves as an American enterprise. Intel generates three-fourths of its revenues overseas, yet maintains three-fourths of its manufacturing here in the United States. The company sets the bar for world-class manufacturing around the world.

We believe in this country’s power to create a future where America maintains its unparalleled global leadership and where jobs in 21st century industries are created and flourish. I am pleased that the President and his Administration have taken a number of steps to invest in innovation and education so that we are building the skills needed to achieve success in the 21st century and grow the economy. At Intel, we believe that we will help create this future.

Building such a future requires more than just investments in technology and manufacturing. We need to also invest in educating and training the workers that will invent and manage the industries of the future. At Intel, for example, over half of our 82,000-person workforce has technical degrees and nearly 8,000 hold a Master’s degree or Ph.D. Looking forward, we are concerned that there may be a shortfall of qualified experts in science and math in this country to meet the needs of our industry.

There are two fundamental solutions to this problem. First, revitalizing math and science education will generate qualified, interested and motivated students, and drive increased enrollments in our great graduate schools. Then, government and businesses need to make sure all of these graduates are given an opportunity to work in this great country.

I want to commend the President for his leadership and focus on improving our science, technology, engineering and math education. He has taken actions — including key steps like making STEM a priority — in his $4 billion Race to the Top competition and his Educate to Innovate campaign.

I’m proud to tell you that over the last decade, Intel has invested nearly $1 billion in education around the world, especially math and science education. Our Intel Teach program has already trained more than 9 million teachers worldwide — with nearly half a million right here in the in the U.S. — to integrate technology into and the learning process. The result is improved critical thinking and problem solving skills. We view these efforts — and our many other education initiatives — as vital investments in the next innovators, thinkers, scientists, and entrepreneurs.

This investment comes full circle when we can then hire the people we are investing in.

I’m proud to announce that this year Intel will hire 4,000 new permanent, highly skilled employees in the U.S. above and beyond the factory jobs that I previously mentioned.

These new employees will focus on areas that span the exploration of new materials to create even smaller transistors, to products that we believe will transform the way that healthcare and education are delivered, to “future technologies” that involve augmented reality and computers that can read minds, or at least anticipate your needs!

The investments I’ve discussed today are long-term investments in the things that make innovation possible. They also send a clear message that the United States will remain the location for Intel’s most advanced technology development and manufacturing.

And, I’ve saved the best news for last.

I’m happy to announce another NEW multi-billion dollar investment in America. Intel will soon begin construction in Arizona on a greater than $5 billion manufacturing facility called Fab 42 that will focus on 14-nm silicon process technology and beyond. When completed, Fab 42 will be THE most advanced high-volume semiconductor factory in the world. This activity will create thousands of construction and permanent manufacturing jobs in this country above and beyond what I’ve described earlier.

My closing message is that the best way forward for us is to unleash the unmatched creative energies of the people of this country to transform our manufacturing base for the 21st century. Intel is proud to do its part to create this promising future.

With that, ladies and gentleman, I’m pleased to introduce the President of the United States.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

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