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13%  
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  • India may topple US in hi-tech areas: Intel founder

    10/11/2003 2:55:06 AM PDT · by sarcasm · 42 replies · 314+ views
    Economic Times of India ^ | October 10, 2003 | T V PARASURAM
    WASHINGTON: Observing that India and China are "key threats" to continued US dominance in important high technology sectors, Intel Chairman Andrew S Grove has said India could surpass America in software and tech-service jobs by 2010. India's booming software industry, which is increasingly doing work for US companies, could surpass America in software and tech-service jobs by 2010, Grove, one of the founding fathers of America's hi-tech industry and co-founder of Intel, told a global technology summit in Washington via satellite yesterday.He warned that America's software and service industries, strong drivers of US economic growth for nearly two decades, show...
  • Andy Grove: US losing High-Tech Lead, Jobs going to China and India

    10/10/2003 1:04:57 PM PDT · by BlackJack · 44 replies · 1,182+ views
    One of the founding fathers of the nation's high-technology industry warned in dire terms yesterday that U.S. dominance in key tech sectors is in jeopardy, threatening the country's economic recovery and growth. Speaking via satellite to a global technology summit in Washington, Intel co-founder and chairman Andrew S. Grove said that the software and technology service businesses are under siege by countries taking advantage of cheap labor costs and strong incentives for new financial investment. "I'm here to be the skunk at your garden party," Grove said, noting wryly that his remarks coincidentally fell on the same day as one...