When you hear Americans complaining about China stealing jobs, here are a few facts to know.
Chinese consumers buy computers. In fact, there are more Chinese using the Internet than the entire population of the United States. That’s a lot of Internet surfing. Source: Internet World Stats.com
For that reason, Intel’s President and CEO, Paul Otellini said, “China is our fastest-growing major market and we believe it’s critical that we invest in markets that will provide for future growth to better serve our customers.”
Intel is one of the largest foreign investors in China and is opening a wafer fabrication facility in Dalian, Liaoning Province. This added investment in China will cost $2.5 billion bringing Intel’s total investment to $4 billion. The last new fabrication plant Intel built was in Ireland in 1992.
Intel now has over 6,000 employees on assembly and test research and developing in 16 cities in Mainland China. Intel also has a facility in Bangalore, India. Source: Intel
In the United States, Intel has over 20 different locations. In Oregon alone, Intel has invested $22 billion and employs 15,500 Americans with an annual payroll of $1.5 billion. Source: Intel
Learn more about Chinese Stereotype Alive and Rotten in America
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Lloyd Lofthouse is the author of the award winning novels My Splendid Concubine and Our Hart. He also Blogs at The Soulful Veteran and Crazy Normal.
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