By Stacy Smith, executive vice president and CFO at Intel
Today, Intel is proud to join the Department of Commerce in celebrating National Manufacturing Day. Manufacturing is a core part of the U.S. economy and the heart of what we do at Intel. Nationally, manufacturing accounts for nearly 12 percent of GDP and contributes $2.1 trillion to our economy. There are more than more than 12 million engineers, technicians and workers across the United States who design and build everything from jet engines to cars to the Intel silicon that powers our digital world.
I am fortunate to have spent almost thirty years at a company that embodies the best of American manufacturing: knowledge-driven, high value-add and exported all around the world. At our core, Intel is a company that invents and manufactures products that change the world for the better. And Intel is unique in the American technology industry. We are a global company and the majority of our revenue derives from markets outside of the United States. But the majority of our advanced manufacturing and R&D is here, inside the United States.
A large part of our competitive advantage is that we’re the world’s leader in manufacturing the most complex semiconductors ever produced. Our manufacturing capability helps us continuously advance Moore’s law, delivering ever faster, more affordable and energy efficient computing power. We understand the entire manufacturing process, transforming raw materials into the power to generate and analyze millions of terabytes of data every single day.
Throughout my career at Intel, I’ve never ceased to be amazed by the ingenuity and creativity of the employees responsible for this success. In support of National Manufacturing Day, some of our manufacturing employees from across the country have been sharing their stories.
In state-of-the-art wafer fabrication facilities and R&D labs in Oregon, Arizona, and our other sites, Intel engineers are pushing the boundaries of high tech manufacturing and the limits of physics every day, continuously advancing Moore’s Law. Their efforts underpin a significant transformation in the way businesses operate and how people engage with the world—from the ability to map the human genome, to automated transportation, to sustainable urban planning and more. This is leading to the emergence of entirely new industries and services. Thanks to the efforts of our engineers, there has never been a more exciting time to be an inventor or entrepreneur.
It is important to Intel and to the U.S. economy that domestic manufacturing continues to prosper. We support policies that promote the growth of American manufacturing, unlock the full potential of our employees and all of the talent in the country, and enable global companies like Intel to manufacture products in the US and sell them all around the world. For more information on the policies that we support please go to our public policy website.
The best days of American manufacturing are ahead of us, and this year’s celebration is particularly meaningful for me. On Monday, I begin my new role at Intel leading our global sales, manufacturing and operations. I would like to recognize all the people that make the U.S. manufacturing industry great, and especially all the manufacturing employees at Intel.
We can’t wait to show the world what’s next.