20 Years in Folsom
From May 2005
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“People came here to have a life,” she says, noting that employees also realized it was much easier to get involved with their community here, if for no other reason than it didn’t take hours to get everywhere as it did in the Bay Area.
“People simply fell in love with the town. It was a big shot of mental health for the employees, and after a while they would leave Intel for another job before leaving Folsom.”
A Strange New World
With the tech bust and ensuing stagnant economy, myriad rumors are floating that the Folsom center eventually will be closed or moved to a cheaper locale. Intel leaders, such as California Public Affairs Manager Michael Jacobson, flatly deny that possibility, saying the campus is “too diverse” and a “company stronghold.”
That point was underscored in January when the company announced it was undergoing a major reorganization that would shift its emphasis onto platforms that serve mobility, digital enterprise and digital home applications, a reformation plan that’s heavily Folsom-centric.
But some things have changed, mostly notable the plans to finish building out the Folsom campus, which currently has only seven of the 10 buildings originally proposed. With the cost of building skyrocketing and the U.S. and California business climates still not overly friendly, those last three are not likely to become reality.
“The global marketplace is changing,” Jacobson says, noting that 60 percent of Intel’s business is in Asia. “Intel’s dollars will be invested where markets are growing, and right now that’s not in the U.S.”
“Doing business in California is still a struggle,” adds Intel Chief Information Officer John Johnson, adding that some expansion is underway in Arizona and other states. “Right now we don’t have any plans to build (buildings) 8, 9 and 10 here.”
Continued...
“People simply fell in love with the town. It was a big shot of mental health for the employees, and after a while they would leave Intel for another job before leaving Folsom.”
A Strange New World
With the tech bust and ensuing stagnant economy, myriad rumors are floating that the Folsom center eventually will be closed or moved to a cheaper locale. Intel leaders, such as California Public Affairs Manager Michael Jacobson, flatly deny that possibility, saying the campus is “too diverse” and a “company stronghold.”
That point was underscored in January when the company announced it was undergoing a major reorganization that would shift its emphasis onto platforms that serve mobility, digital enterprise and digital home applications, a reformation plan that’s heavily Folsom-centric.
But some things have changed, mostly notable the plans to finish building out the Folsom campus, which currently has only seven of the 10 buildings originally proposed. With the cost of building skyrocketing and the U.S. and California business climates still not overly friendly, those last three are not likely to become reality.
“The global marketplace is changing,” Jacobson says, noting that 60 percent of Intel’s business is in Asia. “Intel’s dollars will be invested where markets are growing, and right now that’s not in the U.S.”
“Doing business in California is still a struggle,” adds Intel Chief Information Officer John Johnson, adding that some expansion is underway in Arizona and other states. “Right now we don’t have any plans to build (buildings) 8, 9 and 10 here.”
Continued...
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