The president of Intel, Paul S. Otellini, warned a federal panel addressing tax issues that because of high tax rates in the United States, his company may build its next $3 billion semiconductor factory overseas. ... "The problem that we have and which the industry has is that it costs us $1 billion more to operate inside the U.S. than outside of the country," he said. "It's not wages and capital; its almost all attributed to tax benefits--or the lack thereof--in the United States compared to what is offered elsewhere."