Intel

A ray of hope for US business has appeared on the horizon in the form of Intel, the US major chip maker. Chips have followed the rest of US manufacturing over the past 40 years. In 1990 the US held 37% of the market and today it is 17% with 80% of chips being made in Asia. Intel has a new CEO and he is acting like the CEO's of yesteryear in that he has a ten year plan. Intel is forgoing profits for today by setting aside $45 billion dollars for investment in new facilities. All Intel chips are made in the USA and new production plants will be in the US with the first in Ohio this year. Intel plans to double capacity in the next four years. Maybe this will be a wake call for other US manufacturers.