It's been a dismal decade for manufacturing, with the more than 2 million U.S. jobs heading overseas. Then, along comes Intel Corp., which has announced a plan to spend $7bn to upgrade its manufacturing in the U.S.--a move that will retain or create about 7,000 jobs.
Intel is facing the same economic headwind slowing down all tech companies, and its revenues dropped 23 percent in the last quarter.
But CEO Paul Otellini detailed investment plans for facilities in Oregon, Arizona and New Mexico--and not in China.
Source: Computerworld