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23-Sep-2017 12:57

Intel said consumers will benefit because the new chips will boost the performance, but lower the cost, of the gadgets they buy.

During a speech Tuesday in the nation’s capital attended by several hundred business leaders at the Economic Club of Washington, Intel’s Chief Executive Officer Paul Otellini said the company was making the investment because “you can’t stop innovating,” even when the economy has turned sour.

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Otellini added that Obama called him Monday night to congratulate the company for planning to spend heavily on the new chips, adding that Obama “told me that he sees the Intel logo every morning when he opens up his laptop.” Intel has been studying 32 nanometer chips for some time and announced in September 2007 that it would begin manufacturing them this year, though the company hasn’t previously stated how much it would cost, said Intel spokesman Chuck Mulloy.

The importance of Tuesday’s announcement is that “we are spending more in a shorter period of time” to make the 32 nanometer chips, Mulloy said, noting that the devices should start rolling off the assembly line up to a year sooner than would normally be true with new plants.

Champagne, living art tableaus and more were highlights of the “Full Spectrum 2014: Future Perfect” benefit celebrating the 45th anniversary of the San Jose Museum of Art.

Co-chairwomen Claudia Weber and Cornelia Pendleton welcomed 272 guests to the Sept.Using that technology, the chip’s transistors would be so small that more than 4 million of them would fit in the period at the end of this sentence.