Intel's $7 billion 'Made in the USA' investment

It's been a dismal decade for manufacturing with the more than two million U.S. jobs having headed overseas.

Then, along comes Tuesday, announcing to upgrade its manufacturing in the U.S. -- a move that will retain or create about 7,000 jobs.

Intel is facing the same economic headwind , and its .

But there stood detailing investment plans for facilities in Oregon, Arizona and New Mexico -- and not in China.

There are a lot of reasons why Intel may want quickly move to build manufacturing capability for , and also why the U.S remains the best place to make them, say analysts.

Frank Gillett, a vice president at Forrester Inc., said Intel's roadmap for producing the new processors was established long ago, and not moving ahead with this plan , exposing the company to competitive risks.