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I did an 8 month co-op with IBM and it was an incredible experience. It went beyond the 2 month summer internship doing menial work.
I learned from an amazing mentor, and because of the length of time I was there I was able to take ownership of experiments and tools and actually contribute.
Best of all was when the college job fair came. Everybody all dressed up waiting in line to give their resume, the recruiter scans it and puts it on a pile. But because of the length of time I spent as a co-op with tangible accomplishments, my resume didn't go on the pile. I would have conversations with recruiters about what I did, and was offered interviews on the spot. From the vantage point of the recruiter you're just going through the same routine, but anybody with experience and interesting stories will catch their attention.
To be precise, your College diploma will not prepare you in the slightest for any of the multitude of skills you actually need in the job market nor is it designed to do so.
That's a bit short-sighted. Yes there are theory heavy classes that don't translate, but there are many classes that teach you essential skills that are necessary in the real world.
For example finding vanadium contamination, you'd know from a metallurgy class one of its uses is to harden steel so it narrows down areas to look at. Knowing how to modify reflow temperatures to get the desired grain structure is essential in many applications to get the necessary bulk properties. As is realizing a component of one chemical you are using is interacting with another and damaging what you are trying to do.
You may not always need those things, but they are part of your intellectual toolbox and are essential when you find yourself trying to solve real world problems. Especially when time is of the essence and you don't have time to learn these things on the fly.
It doesn't even have to be something that you were directly taught in class, but having the background can help you make intelligent assumptions to further investigate and design experiments to determine the solution.
You also never know what is relevant to your interests. I never cared about world politics or contract law, but when you're put on a project where you're negotiating business deals, participating in a symposium on RoHS, or trying to understand the political implications of conflict metals, the world becomes larger and more complex.
As I said before there's a lot of things I never used, like knowing the switching speed of GaAs is faster because of the smaller band gap and lower effective mass of an electron. But you never know when an esoteric concept comes up and it's helpful to have a well rounded background, especially if it's in the field your diploma says you're an expert at.
Though I wish I spent more focus on statistics because it translates best into real world scenarios. In a university lab I can get a chem experiment working, in the real world I have to be able to reproduce that experiment hundreds of times (depending on the required defect density), plus I had to understand the limitations of my metrology, tool, part, and person variation. Heck I even needed to use stats to understand why an experiment that worked in the US didn't work over in Germany.
First figure out what field you want to go into, then choose the math best translates into it.
On the positive side you get an arms race of gasoline powered car manufacturers and electric car manufacturers improving their designs so that the average keeps improving.
Homeland security needs to protect infrastructure and other interests that can impact that state of the nation. Something as benign as somebody hacking the AP twitter feed and posting that a bomb injured the president cost the market over $100B. A series of hacking attacks can result in economic or social destabilization.
Software is also built in layers, so some parts are proprietary, others are open, but a vulnerability in either one can cause issues with all parts of the system.
Growth is in portable computing, but standalone home computers aren't going away anytime soon.
Intel's business is heavily focused on gross margins. Just look at how the stock tanks when it dips below 60%.
At Intel many of the foundry type applications are done when certain technology processes are being warmed down (machines have been fully amortized, processes have been stable and capable for years, and there aren't any breakthroughs needed to get the product built. They aren't getting the absolute best technical solutions, they are getting the lines, engineers, and equipment that are on their way out. That is unless Intel dealing with really expensive high margin product. Things along the lines of ultra-expensive corporate mega servers with huge die, innovative design requirements, or entirely new form factors (since Intel can provide both processor and motherboard solutions..
In fact some business units within Intel (think low cost consumer applications) have outside fabs manufacture their designs because it's more cost effective than tying up internal resources working on the more profitably next gen Core processors. Remember Xscale, Intel based designs based on ARM projects which were often externally manufactured.
Fact is most outside companies looking for a foundry, are willing to use TSMC or other lower cost (not necessarily low quality) fabs because their designs don't need the manufacturing complexity. Plus with the heavy commitments to internal customers (who represent billions of dollars in revenue), many external customers don't want to see their designs placed at the back of the queue.
While there is a major technical side to processors, a lot of it is not to make them better in benchmarks. Architecture drives benchmarks, manufacturing improvements can contribute, but usually they are more about the bottom line. Die shrinks more die per wafer and better yields = profit.
That said my post was mostly tongue-in-cheek. Krzanich's background I think is excellent. Not just from the hands-on engineering side which many on Slashdot focus on, but his background in supply chain management when he was a VP in ATTD. The constant turn over of processes puts a stress not only on the company but its suppliers. One chemical vital to photolithography may need a sharp ramp up in one year, with a ramp down 2 years later.