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Intel's CEO Sees Trump Presidency Ushering In Opportunity

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Intel's CEO Sees Trump Presidency Ushering In Opportunity
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Brian Krzanich, the CEO of Intel Corporation (NASDAQ: INTC) was a guest on CNBC Friday morning to talk about his company's role as a manufacturing giant in 2017 and beyond.

Speaking on the sidelines at the Consumer Electronics Show, Kraznich noted that President-elect Donald Trump's administration will create opportunity. He expanded that Intel should be considered as a "great American manufacturer," as anywhere from 60 to 75 percent of a given technology is manufactured domestically.

Kraznich continued that Intel also happens to be the second largest exporter so the company rightfully earns the title of a "role-model manufacturer" of developing high tech products and shipping it to the world.

Opportunity

Kraznich stated that part of the discussion at Trump's mini tech summit was how to make the United States more competitive in the international stage.

The executive sees opportunity for Intel coming from Trump's plan to lower the corporate tax rate, implement R&D tax credits and perhaps more importantly creating an environment of making it easier for companies to manufacturer domestically.

"All of that discussion — that is what will bring manufacturing back to the U.S. and/or make it stronger in the U.S.," Kraznich said.

Image Credit: By Gage Skidmore from Peoria, AZ, United States of America (Donald Trump) [CC BY-SA 2.0], via Wikimedia Commons

Posted-In: Brian Kraznich CES Consumer Electronics ShowCNBC Politics Tech Media General Best of Benzinga

 

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