Obama names Intel CEO Otellini to advisory council on Jobs and Competitiveness

Obama names Otellini to advisory council

NEW YORK (CNNMoney) -- Intel CEO Paul Otellini will be named to President's Council on Jobs and Competitiveness, a White House official said Friday.

Obama previously announced General Electric (GE, Fortune 500) CEO Jeffrey Immelt as the group's chairman, and other members are expected to be named in the coming weeks.

The President's Council on Jobs and Competitiveness replaces the Economic Recovery Advisory Board that was headed by former Federal Reserve Chairman Paul Volcker.

The administration says the new group will focus on finding ways to promote growth and encourage hiring, as well as find ways to attract the best jobs and businesses to the United States.

http://money.cnn.com/2011/02/18/technology/otellini_intel_obama/

I think I may have to agree with Noam Chomsky,that these appointments of people from corps.with very deep pockets,who know everyone in the world with very deep pockets,has more to do with gaining the majority stake in the 2 billion expected to be spent getting re-elected in 2012.If these two cared about creating jobs in th U.S.we would be swimming in them.

What is a billion and a half among friends?

http://arstechnica.com/hardware/news/2009/03/atom-cant-feed-rd-monster-intel-outsources-chips-to-tsmc.ars

...Intel is partially outsourcing the fabrication of one of its CPUs to a foundry. Intel and TSMC have jointly announced the start of a long-term, "strategic" collaboration in which Atom IP will be ported to TSMC's manufacturing process, with the Taiwanese foundry fabricating Atoms for some customers.

"It is a long-term collaboration. It is not about capacity. It's a strategic relationship that allows us to expand the growth opportunities for both companies," said an Intel spokesperson on a call announcing the venture. "This relationship between us and TSMC is strategic in nature; it's the first time we've ported a processor externally outside of an Intel process."...