mr. paul otellini to the brookings institution. [applause] >> thank you and good morning.s long as you would like. i want to begin by thanking you for hosting us here today. it was one year ago this week that i came to washington and announced in my company would make a $7 billion investment in our u.s.-based manufacturing plants, specific -- specifically targeted to the most significant technology we have ever invented. you will recall that when i made the announcement, the u.s. economy was facing one of the greatest crises in our history. i call it the worst economy i have seen in my 35 years at intel, yet i believe our investment was good for our company and our country. it was a way to increase our commitment to innovation in future competitiveness. as it turned out, america and the world avoided the worst case economic scenarios. we're not out of the woods. i am concerned that we're not taking all the right steps as a nation to ensure that our economy is on the long-term trajectory of growth and leadership. we face a world with much tougher competitors, many of whom a

mr. paul otellini to the brookings institution. [applause] >> thank you and good morning.an introduction like that, you can go on for as long as you would like. i want to begin by thanking you for hosting us here today. it was one year ago this week that i came to washington and announced in my company would make a $7 billion investment in our u.s.-based manufacturing plants, specific -- specifically targeted to the most significant technology we have ever invented. you will recall that when i made the announcement, the u.s. economy was facing one of the greatest crises in our history. i call it the worst economy i have seen in my 35 years at intel, yet i believe our investment was good for our company and our country. it was a way to increase our commitment to innovation in future competitiveness. as it turned out, america and the world avoided the worst case economic scenarios. we're not out of the woods. i am concerned that we're not taking all the right steps as a nation to ensure that our economy is on the long-term trajectory of growth and leadership. we face a world

mr. paul otellini, president and ceo of the intel corporation.ompany that of course needs no introduction but that doesn't mean i'm not going to provide one. it has the ninth most valuable brand in the world. it makes microchips that power more than 80% of the world's personal computers as well as thousands of other electronic devices during its four year history the company has been guided by america's leading business negative including the company's co-founder robert always and andy grove. today's speaker is the latest in this longline of outstanding leaders. paul of san francisco received his undergraduate degree at the university of san francisco and his an m.b.a. from the university of california berkeley. he joined intel in 1974 as an analyst in the company's finance department. he rose rapidly through the ranks to become the head of the personal computer division and then global sales and marketing organization. in 2005 he became the company's fifth ceo and since that time he has provided strong and dynamic leadership and he has focused t