He also notes that Intel is on the verge of major product cycles in every part of the business, with new processors for PCs, servers and mobile devices.

FORBES: Intel Sees 'High Single Digit' Revenue Growth In 2012

Changes also had to be made to the rules for takeovers, he went on - so that investors and businesses could build for the long-term, adding that a new mechanism was needed to ensure major infrastructure decisions were made for the long term and not subject to political cycles.

BBC: UK business too focused on short term, says Labour report