Intel is the world’s largest semiconductor manufacturer and a world leader in computing innovation. As an iconic high tech manufacturer, more than three-fourths of Intel’s revenue comes from outside the United States, yet roughly three quarters of its advanced manufacturing and research and design (R&D) is done here in the United States. Intel’s domestic operations, supply chain, distribution channels and investments have resulted in widespread economic impact throughout all sectors of the U.S. economy. In 2012, Intel was the number 1 investor in research and development among U.S. publicly traded companies and the 5th largest capital investor in the U.S. For every Intel job in the United States, an additional 13 American jobs are supported, resulting in a total of 774,600 jobs.
As a proponent of comprehensive tax reform, Intel supports creating a more competitive and simplified tax system that encourages innovation and manufacturing investment in the United States and creates a level playing field for US companies who are competing globally. The elements of such a system should include: