The chipmaking giant also appoints the head of its software business, Renee James, as president.
The president uses his State of the Union address to call for an expanded high-tech manufacturing base in the US.
Not only has there been corporate shuffling, but the tech giant is said to be hitting hurdles with the purported smartwatch's screen technology and battery life.
Creating more than 2,000 jobs and running on 100 percent renewable energy, the tech giant embarks on building a new US manufacturing facility.
At PARC, researchers are developing a new technology for printing everything from transistors to smart labels to semiconductors.
In his State of the Union address, the president gives a shout-out to the two tech companies for creating jobs in the U.S.
There's a major shift of production from China to the U.S., which includes some truly affordable electronics and speakers.
CNET's Sumi Das talks to Senior Writer Jay Greene about what it was like to report on working conditions at Pegatron and Foxconn in China.
The European Commission is spending 5 billion euros to coordinate and advance the processor industry in Europe. The goal: a fifth of worldwide manufacturing.