One of President Obama's policy points in histonight was that U.S. companies need to create jobs here. Not only did he stress this need, he also praised those companies already in the process of doing this, including Intel and Apple.
"Our first priority is making America a magnet for new jobs and manufacturing. After shedding jobs for more than 10 years, our manufacturers have added about 500,000 jobs over the past three," Obama said in his speech. "Caterpillar is bringing jobs back from Japan. Ford is bringing jobs back from Mexico. After locating plants in other countries like China, Intel is opening its most advanced plant right here at home. And this year, Apple will start making Macs in America again."
Sitting there in the audience, in the box of First Lady Michelle Obama,. Cook announced in December to move some Mac production to the U.S. The company is investing $100 million on this venture, Cook said.
Intel has also ramped up U.S. production over the past year by. The plant is expected to produce Intel's next generation of processors built on its 14-nanometer technology. The company said it was investing more than $5 billion in the facility. Giving a nod to Intel's advances with U.S. manufacturing, Obama visited the plant last January.
"It's not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth," Obama said in his State of the Union speech tonight.