Intel is releasing a third-party report titled “Intel’s Impacts on the US Economy.” The report estimates the economic impact of Intel on the U.S. economy and the states where Intel has its largest U.S. presence: Arizona, California, New Mexico and Oregon. The impact is defined in terms of employment, labor income and gross domestic product using data from fiscal year 2019.
Intel CEO Pat Gelsinger offers this introduction to the report:
Since its founding, Intel has been at the forefront of innovation in the United States. As the largest U.S.-owned semiconductor manufacturer, Intel is the only leading-edge U.S. semiconductor company that both develops and fabricates its own technology.
We are also the only company that has built leading edge fabs in the U.S. during the last five years. Unlike many companies, Intel’s intellectual property still resides here at home. We are making significant investments in U.S. manufacturing and R&D over the next several years. And Intel’s technology is helping the U.S. to build better by supporting the development of smart infrastructure to address the nation’s economic and security needs.
We celebrate our American origins and the important role we play as a global technology leader. In that spirit, I am pleased to share with you this report detailing the scope and scale of Intel’s economic impact and investment in the U.S. Intel’s economic contributions extend nationwide and throughout all sectors of the economy. Some highlights:
- We employ approximately 52,000 people across the country.
- Each job at Intel is estimated to support 13 other jobs elsewhere, meaning Intel directly or indirectly supported more than 700,000 full-time and part-time jobs in the U.S.
- Intel directly contributed $25.9 billion to U.S. GDP in 2019.
- Our total direct and indirect GDP impact on the U.S. economy, $102.0 billion in 2019, accounted for one half of 1 percent of U.S. GDP.
There is much more in the full report.
While I am proud of the role Intel plays in fueling U.S. economic growth and development, I know there is more we can do.
The entire world is becoming digital, driven by four superpowers: the cloud, connectivity, artificial intelligence and the intelligent edge. In this landscape of rapid digital disruption – which has been accelerated even more by the global pandemic – the technology and products Intel develops and manufactures are more critical than ever.
Intel has always been defined by its ambition and faith in the power of technology to help humankind and by its relentless pursuit of excellence. We are committed to doing our part to ensure the U.S. continues to be the leader in semiconductor manufacturing.
As we continue to invest in and strengthen the U.S. economy, I know Intel’s best days are ahead of us.
I hope you enjoy the report.