Intel to invest $7 billion in U.S. facilities - Intel Has So much Money and Too Greedy to Honor Iviewit Contracts...

February 10, 2009 8:32 AM PST (keep in mind that Before this Intel CEO Paul Otellini KNEW of the Trillion Dollar Liability that Intel Would Surely face when Iviewit Information Surfaces...)

" WASHINGTON--Intel President and CEO Paul Otellini announced on Tuesday a $7 billion investment in U.S.-based manufacturing facilities, telling a crowd of Washington elites that the current economic recession gives the nation an opportunity to make once-in-a-lifetime changes and investments for the future.

"For nations like the United States, absolutely nothing about the future is inevitable or guaranteed--not jobs, not leadership, not our standard of living," Otellini told the Economic Club of Washington here. "How we deal with these changes can lead us to new heights--or they will define the beginning of a downward spiral."

It will take both public and private investments, Otellini said, for the United States to remain the world's leading innovator as well as retain its manufacturing economy.

"We need to focus on industries of the future," he said. "Ones in which we can command a competitive advantage."

For Intel, that means a $7 billion, two-year investment in existing factories in New Mexico, Arizona, and Oregon to manufacture silicon wafers with 32nm process technology.

The investment is expected to support 7,000 high-wage jobs at those factories and support thousands of contract jobs for technicians and construction workers.

The investment is Intel's largest ever in a single process technology.

"As a global company, we have made a conscious decision to expand these factories here because we believe that investing in the future of American discovery isn't just the right thing to do," Otellini said, "it is an essential business decision if we want the United States to continue to be the engine of new ideas and technical leadership."
February 10, 2009 8:32 AM PST

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Paul Otellini
Where exactly was This Purchase Made, Who Owned it, Who Benefited from the Purchase, what were the local incentives offered to Intel, what are the Secrets and Inside information on this 7 Billion Dollar Spending Spree at a Time when Paul Otellini knew of a Trillion Dollar Liability ... and now Paul Otellin in the Current News is so surprised at the insider trading.. there is a whole lot more to all this.. I Smell an Awful Lot of Fishy..
Otellini
Know Anything? Email Me at Crystal@CrystalCox.com
Paul Otellini