Material science is the basis of all semiconductor technology, says former Intel Chairman of the Board Craig Barrett. And during his 35-year stint with one of technology's most established firms, Barrett has learned that Moore's Law (Intel founder Gordon Moore's prediction that the number of transisters in an integrated circuit will double every 18 months) is still applicable now, 40 years after it was written. And though it will eventually have to change, it will likely remain relevant for another 15 years or more.

You and your company don't own all of the smart engineers in the world. But how can one capitalize on that talent, asks Craig Barrett, former Intel COB? Fund research and start-ups that compliment your own work, including university research, to unearth emerging talent and move the industry forward. Barrett discusses why Intel spends over six billion dollars on hundreds of companies every year outside of their own walls and the tremendous benefits that the practice reaps. Remember that a single bright idea from a small research team can bring a large corporation to its knees overnight. Says Barrett, "We don't want you eating our lunch."

To keep up with the engineering demands of Moore's Law, Craig Barrett, former Intel Chairman of the Board, discusses how the education and labor requirements of talent have evolved with the industry. While developing the first semiconductors took a team of only three people, today's market requires several hundred engineers for each new product, most of whom are trained with graduate degrees.

Intel was a marvel at technology and invention from its 1980's-era inception, recalls former Chairman of the Board and veteran company insider Craig Barrett. But the company's strong suit was not manufacturing; in fact, they were often undersold on their own products by Japanese competitors. To improve their skills in this arena, Intel executives performed significant benchmarking of their overseas product producers, and a decade later they'd learned to standardize production across multiple factories.