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"The wide range of new electronic devices available today, their increasing power and performance, and catering to local markets around the world has contributed to an unprecedented level of complexity in the technology industry that will only continue to grow."
But the panelists whose companies are based in the United States sounded a grim warning regarding the engineering talent in their home countries.
“Today Microsoft is in the IP business,” said Mundie. “Our only assets are our people. It remains a challenge to get type of talent that we continue to need, and the U.S. is in a continuing intellectual deficit situation with its educational system.”
Gelsinger agreed with that assessment.
“The U.S. is headed to be second or third world technology country,” he said, adding that its educational system, government policies, and funding for R&D efforts are all degrading at the same time other countries are bringing theirs up to positions of parity. “As a global company this is OK with Intel, but as a U.S. citizen it makes me very fearful. I fear for our long-term competitiveness.”
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