FYI: this is happening in part because $52 billion in federal support for the chip industry was passed by Congress and signed into law. Intel will be getting a grant from the U.S. government as part of the funding.
Plus a billion dollars from the state of Ohio.
So who exactly is building this plant?
But, that's OK. We need to invest in ourselves, our own country, if we want to keep up. The last 3 decades of austerity have caused us to fall behind in many areas -- not just chips.
It's a wise use of money: That $52billion came from not having to throw away a billion dollars a week in Afghanistan. What did that buy us ?
This is more than OK. It’s absolutely necessary. The Chinese government does not even think twice about pumping money into strategic industries like this.
You know why? It is not to compete with US. China spend more importing chips than importing crude oil. This is it largest import item.
The reason why isn’t important though. The only things that matters is they’re doing it. American companies can only compete with competitors receiving billions of dollars in free money for so long.
Not to mention this isn’t the only industry the Chinese government is pumping money into. Clean/renewable energy is another one.
This is nonsense. Blaming Chinese for everything. US government has been pumping money into business since the beginning. Why can't China do it? There are countless examples. Tesla is most notable.
FYI: this is happening in part because $52 billion in federal support for the chip industry was passed by Congress and signed into law. Intel will be getting a grant from the U.S. government as part of the funding.
Plus a billion dollars from the state of Ohio.
So who exactly is building this plant?
But, that's OK. We need to invest in ourselves, our own country, if we want to keep up. The last 3 decades of austerity have caused us to fall behind in many areas -- not just chips.
It's a wise use of money: That $52billion came from not having to throw away a billion dollars a week in Afghanistan. What did that buy us ?
This is more than OK. It’s absolutely necessary. The Chinese government does not even think twice about pumping money into strategic industries like this.
You know why? It is not to compete with US. China spend more importing chips than importing crude oil. This is it largest import item.
The reason why isn’t important though. The only things that matters is they’re doing it. American companies can only compete with competitors receiving billions of dollars in free money for so long.
Not to mention this isn’t the only industry the Chinese government is pumping money into. Clean/renewable energy is another one.
This is nonsense. Blaming Chinese for everything. US government has been pumping money into business since the beginning. Why can't China do it? There are countless examples. Tesla is most notable.
Who said China can’t? I’m just saying the US needs to match it to stay competitive.
FYI: this is happening in part because $52 billion in federal support for the chip industry was passed by Congress and signed into law. Intel will be getting a grant from the U.S. government as part of the funding.
Plus a billion dollars from the state of Ohio.
So who exactly is building this plant?
But, that's OK. We need to invest in ourselves, our own country, if we want to keep up. The last 3 decades of austerity have caused us to fall behind in many areas -- not just chips.
It's a wise use of money: That $52billion came from not having to throw away a billion dollars a week in Afghanistan. What did that buy us ?
This is more than OK. It’s absolutely necessary. The Chinese government does not even think twice about pumping money into strategic industries like this.
Well, the Chinese government is now having second thoughts about pumping up industry. Many supposed technology ventures in China have been investing in land (less so capital equipment), which has been skyrocketing in value over the last 15 years. And now the rug is about to be pulled out from under the land speculation bubble. Remember what happened to Japan in the 1990s? It’s going to be a whole lot worse in China. And unfortunately, when China catches a cold, the US gets the flu while Europe gets COVID. 😳 Batten down the hatches people. The land bubble extends far deeper into the global economy than most realize.
A plan to invest in China was reportedly blocked by the White House, but now Intel is set to create a new plant in Ohio.
That would never have happened under Bush 1, Clinton, Bush 2, or Obama.
There are many, many bad things about the Trumpazoid, but the fact that his presidency hit the reset button on trade and industrial policy cannot be denied, and I think it is probably a positive thing.
Perhaps.
Just don't whine about paying higher prices (aka inflation) for inferior merchandise.
But, in actuality, Trump did nothing to promote America. He actually had to pay billions to the Americans he hurt. All he did was try to tear down China -- which he failed at.
That crap makes for good headlines. But it stands little chance of long term success:
Brady didn't win the Super Bowl by thumping his chest or trash talking Mahomes. He won because he did it better. It's just how it works.
FYI: this is happening in part because $52 billion in federal support for the chip industry was passed by Congress and signed into law. Intel will be getting a grant from the U.S. government as part of the funding.
Plus a billion dollars from the state of Ohio.
So who exactly is building this plant?
But, that's OK. We need to invest in ourselves, our own country, if we want to keep up. The last 3 decades of austerity have caused us to fall behind in many areas -- not just chips.
It's a wise use of money: That $52billion came from not having to throw away a billion dollars a week in Afghanistan. What did that buy us ?
This is more than OK. It’s absolutely necessary. The Chinese government does not even think twice about pumping money into strategic industries like this.
You know why? It is not to compete with US. China spend more importing chips than importing crude oil. This is it largest import item.
The reason why isn’t important though. The only things that matters is they’re doing it. American companies can only compete with competitors receiving billions of dollars in free money for so long.
Not to mention this isn’t the only industry the Chinese government is pumping money into. Clean/renewable energy is another one.
This is nonsense. Blaming Chinese for everything. US government has been pumping money into business since the beginning. Why can't China do it? There are countless examples. Tesla is most notable.
Who said China can’t? I’m just saying the US needs to match it to stay competitive.
Your reasoning is nonsense. Your argument is that because China is doing this therefore US must do this, because China is doing that therefore US must do that. US already had semiconductor plants for over forty years.
FYI: this is happening in part because $52 billion in federal support for the chip industry was passed by Congress and signed into law. Intel will be getting a grant from the U.S. government as part of the funding.
Plus a billion dollars from the state of Ohio.
So who exactly is building this plant?
But, that's OK. We need to invest in ourselves, our own country, if we want to keep up. The last 3 decades of austerity have caused us to fall behind in many areas -- not just chips.
It's a wise use of money: That $52billion came from not having to throw away a billion dollars a week in Afghanistan. What did that buy us ?
The $52 billion hasn't been passed yet (opposition for various reasons in the House). When it does it is more likely to go to smaller fabs (Texas Instruments, Micron, Tower) instead of Intel.
Biden signed the $52 Billion for research and the manufacture of chips into law back in June as part the infrastructure bill.
But too:
We are no longer spending a billion dollars a week to occupy Afghanistan. That's the $52 Billion i was speaking of: A wise re-allocation of money from throwing it away to investing in ourselves I
This is great news for that state of Ohio. There are a number of excellent universities within a fairly small radius of Columbus, including but not limited to OSU, CWRU, IU, U-M, and CMU that have the kind of talent that Intel can tap into quite readily. At the end of the day, 3,000 jobs isn’t huge but I hope it all goes as planned and that this spawns additional investment in the region.
I'm not sure about the rest of them, but CMU is a three hour drive from there.
Well, CMU is regional. I grew up in mid-Ohio and went to CMU as an undergrad. Not a bad trip on the weekends.
The whole thing sounds like a strategic military-industrial complex venture, where Intel is addressing Government concerns over access to technology hardware. While I haven’t lived there for many years, I would dearly love to see Ohio become a technology center. But building up the business infrastructure will not be easy.
#1: Ohio doesn’t rank up there as a desirable place to live. I mean, it’s beautiful country with the rolling hills in the east. But I don’t live there any more, and there’s a reason for that. #2: Few technology jobs are available. Columbus is a thriving financial center. But all you’ve got is farmland surrounding it. All the large businesses and factories I grew up with are “green-fielded,” meaning they have been leveled and grasslands planted in their place. You might think it bucolic except for the grinding poverty that resulted.
Sounds like you’re from the Youngstown area. If so, no wonder you left. It’s sad what happened to that region. And if you’re not, apologies for making that assumption.
Being from Ohio myself, I can say with absolute certainty that if there is even a fraction of a possibility for the state to fuck this up…they will. Let’s save the confetti until it actually happens.
But, that's OK. We need to invest in ourselves, our own country, if we want to keep up. The last 3 decades of austerity have caused us to fall behind in many areas -- not just chips.
It's a wise use of money: That $52billion came from not having to throw away a billion dollars a week in Afghanistan. What did that buy us ?
In what form? If Intel is getting continuing tax credits from Ohio then the fact that they're building there is largely moot. Any revenue gained from employment is dramatically offset by services (roads, etc.) that must be supplied w/o being pad for in taxes.
Yet another corporate tax subsidy at work.
This argument gets really old. Whatever subsidies Intel is getting (or not) will be more than offset over the life of this plant. 3,000 high-paying jobs, homes will be built for those that want to live near the plant, tax-revenue, etc... think outside of the fishbowl that people like you continue to swim in. I'm all for this, and that it's in the U.S. is even better.
Well said. And further:
The nation spent enormously to build and support our emerging industrial giants back in the 1800's.
Here in Pittsburgh, aside from all the roads and bridges, countless miles of railroads were built and our rivers were damned and locks built* in order to feed Carnegie's Steel Mills.
It is only in the past 3-4 decades that we've been on an austerity kick -- while our nation fell behind as its infrastructure fell into disrepair.
The nation supports its industry and industry supports its nation.**
* prior to the locks and dams Pittsburgh rivers were not always navigable -- especially in summer.
** but that doesn't mean having to subsidize workers being paid sub-living wages with welfare and food stamps
FYI: this is happening in part because $52 billion in federal support for the chip industry was passed by Congress and signed into law. Intel will be getting a grant from the U.S. government as part of the funding.
Plus a billion dollars from the state of Ohio.
So who exactly is building this plant?
But, that's OK. We need to invest in ourselves, our own country, if we want to keep up. The last 3 decades of austerity have caused us to fall behind in many areas -- not just chips.
It's a wise use of money: That $52billion came from not having to throw away a billion dollars a week in Afghanistan. What did that buy us ?
This is more than OK. It’s absolutely necessary. The Chinese government does not even think twice about pumping money into strategic industries like this.
You know why? It is not to compete with US. China spend more importing chips than importing crude oil. This is it largest import item.
The reason why isn’t important though. The only things that matters is they’re doing it. American companies can only compete with competitors receiving billions of dollars in free money for so long.
Not to mention this isn’t the only industry the Chinese government is pumping money into. Clean/renewable energy is another one.
That's one reason why they're ahead. We spent the last 3 - 4 decades on an austerity program instead of investing in ourselves.
For the love of God, can we just once have a civil conversation around here without the 2 resident sleeper agents sowing their pro-China/anti-American propaganda seeds?
Just once? I don’t ask for much, but literally JUST ONE TIME.
This is great news for that state of Ohio. There are a number of excellent universities within a fairly small radius of Columbus, including but not limited to OSU, CWRU, IU, U-M, and CMU that have the kind of talent that Intel can tap into quite readily. At the end of the day, 3,000 jobs isn’t huge but I hope it all goes as planned and that this spawns additional investment in the region.
I'm not sure about the rest of them, but CMU is a three hour drive from there.
Well, CMU is regional. I grew up in mid-Ohio and went to CMU as an undergrad. Not a bad trip on the weekends.
The whole thing sounds like a strategic military-industrial complex venture, where Intel is addressing Government concerns over access to technology hardware. While I haven’t lived there for many years, I would dearly love to see Ohio become a technology center. But building up the business infrastructure will not be easy.
#1: Ohio doesn’t rank up there as a desirable place to live. I mean, it’s beautiful country with the rolling hills in the east. But I don’t live there any more, and there’s a reason for that. #2: Few technology jobs are available. Columbus is a thriving financial center. But all you’ve got is farmland surrounding it. All the large businesses and factories I grew up with are “green-fielded,” meaning they have been leveled and grasslands planted in their place. You might think it bucolic except for the grinding poverty that resulted.
Sounds like you’re from the Youngstown area. If so, no wonder you left. It’s sad what happened to that region. And if you’re not, apologies for making that assumption.
Coshocton. Not too far from Youngstown. It was such a thriving town to grow up in during the 1970s. My father worked at the General Electric plant for years (now greenfielded of course - thank you Jack Welch). But yea, it’s a wipeout now. Still beautiful though. Might build a summer cabin there when I retire.
For the love of God, can we just once have a civil conversation around here without the 2 resident sleeper agents sowing their pro-China/anti-American propaganda seeds?
Just once? I don’t ask for much, but literally JUST ONE TIME.
Ugh.
You only want to listen to good words for US. Why there are some people on AI allowed to say bad words on China? Isn't this double standard, or no empathy?
Being from Ohio myself, I can say with absolute certainty that if there is even a fraction of a possibility for the state to fuck this up…they will. Let’s save the confetti until it actually happens.
I have a lot more confidence in this deal going through than I did with the Foxconn golden shovel clown show that left the unfortunate people of Wisconsin with nothing but broken promises and scorched dreams.
It is important that the US have the ability to produce products that are critical to its economy and quality of life in the face of external disruptions. It’s also important to have geographical and regional diversity in supply chains and workforces within the US.
If you’ve been following the response to local and regional disasters in the US one of the first things you’ll see is the mobilization of both emergency responders and regular utility workers from one state or region to the storm or disaster affected states and regions.
This same level of resiliency would come in handy for other critical supply chain and manufacturing areas so things don’t come to a screeching halt when disaster strikes one region. Siting plants in multiple geographically diverse regions makes a lot of sense strategically and it gives workers more lifestyle choices in terms of where to live. Not everyone wants to sit in traffic for two hours a day or pay $850K for a 1200 sqft house on a 1/8th acre lot.
The length of time from a point in time from that of prior to today up until press secretary Jen Psaki said those words in her typical form of a single color outfit is kind of like old rerun, no? Are other industrialists the world supplants (oh, to entertain The Federal Bureau of Investigation’s damn near permanent “solution to fight crime” by policing the freedom of the press, the pedophile ‘Special Weirdo’, Linwood E. Smith III of The Seattle Division of The Federal Bureau of Investigation, the time has past for a scheduled departure on an airline of the most cost effective choice that has been earned with the purchases resulting in a lifelong career of harming innocence that a screaming child of “all right” will simply not be of any kind of particular connection to an act that which a rescue will never materialize for such a person spending an entire epoch committing crimes against Indigenous Children and Salish Peoples…Earned a spot in a place known throughout that dumbfounded Federal career by hiding behind the very ones that have the victims by persons such as the pedophile Linwood E. Smith III that always has had nothing to do with others, ever and that has been established as fact no synthetic means can ever and will never disprove) seeking to accommodate a crime driven society seen in Hollywood blockbusters? Because if that were the reality, a lot of people will be quickly ignored in offices the public is directly and indirectly (Linwood, stay out of the presses; and leave people alone you disgusting pedophile of a law enforcement officer…leave already you sick sack of s##t) affected by with pedophiles as law enforcement officers in an organized crime and racketeering and many other covert criminal enterprises. Video evidence of pedophiles as law enforcement trafficking Native American Children for sex was the dream this piece of MFing s%%t was going to have forced onto Americans and he has actually threatened to take innocent lives including but not limited to The President of The United States of America and The Secret Service is awaiting Linwood E. Smith III to commit suicide.
Congratulations Intel. Get in race and get Apple's lost business back.
They’re never getting their CPU business back. They might get fabrication contracts, which are much less lucrative, but Apple is never going back to Intel designed CPUs.
FYI: this is happening in part because $52 billion in federal support for the chip industry was passed by Congress and signed into law. Intel will be getting a grant from the U.S. government as part of the funding.
Plus a billion dollars from the state of Ohio.
So who exactly is building this plant?
But, that's OK. We need to invest in ourselves, our own country, if we want to keep up. The last 3 decades of austerity have caused us to fall behind in many areas -- not just chips.
It's a wise use of money: That $52billion came from not having to throw away a billion dollars a week in Afghanistan. What did that buy us ?
This is more than OK. It’s absolutely necessary. The Chinese government does not even think twice about pumping money into strategic industries like this.
You know why? It is not to compete with US. China spend more importing chips than importing crude oil. This is it largest import item.
The reason why isn’t important though. The only things that matters is they’re doing it. American companies can only compete with competitors receiving billions of dollars in free money for so long.
Not to mention this isn’t the only industry the Chinese government is pumping money into. Clean/renewable energy is another one.
This is nonsense. Blaming Chinese for everything. US government has been pumping money into business since the beginning. Why can't China do it? There are countless examples. Tesla is most notable.
Who said China can’t? I’m just saying the US needs to match it to stay competitive.
Steve Jobs called all of them Motorola, IBM, and Intel they all said no, this is wasted money (Welfare) down the drain to a tech has been……They have been disrupted and they ain’t coming back…
For the love of God, can we just once have a civil conversation around here without the 2 resident sleeper agents sowing their pro-China/anti-American propaganda seeds?
Just once? I don’t ask for much, but literally JUST ONE TIME.
Ugh.
You only want to listen to good words for US. Why there are some people on AI allowed to say bad words on China? Isn't this double standard, or no empathy?
No one is saying bad words about China, and your hyper-defensiveness and propaganda is disruptive to interesting conversation. Put a sock in it.
Comments
That's one reason why they're ahead. We spent the last 3 - 4 decades on an austerity program instead of investing in ourselves.
“Increase the supply of semiconductors”
The length of time from a point in time from that of prior to today up until press secretary Jen Psaki said those words in her typical form of a single color outfit is kind of like old rerun, no? Are other industrialists the world supplants (oh, to entertain The Federal Bureau of Investigation’s damn near permanent “solution to fight crime” by policing the freedom of the press, the pedophile ‘Special Weirdo’, Linwood E. Smith III of The Seattle Division of The Federal Bureau of Investigation, the time has past for a scheduled departure on an airline of the most cost effective choice that has been earned with the purchases resulting in a lifelong career of harming innocence that a screaming child of “all right” will simply not be of any kind of particular connection to an act that which a rescue will never materialize for such a person spending an entire epoch committing crimes against Indigenous Children and Salish Peoples…Earned a spot in a place known throughout that dumbfounded Federal career by hiding behind the very ones that have the victims by persons such as the pedophile Linwood E. Smith III that always has had nothing to do with others, ever and that has been established as fact no synthetic means can ever and will never disprove) seeking to accommodate a crime driven society seen in Hollywood blockbusters? Because if that were the reality, a lot of people will be quickly ignored in offices the public is directly and indirectly (Linwood, stay out of the presses; and leave people alone you disgusting pedophile of a law enforcement officer…leave already you sick sack of s##t) affected by with pedophiles as law enforcement officers in an organized crime and racketeering and many other covert criminal enterprises. Video evidence of pedophiles as law enforcement trafficking Native American Children for sex was the dream this piece of MFing s%%t was going to have forced onto Americans and he has actually threatened to take innocent lives including but not limited to The President of The United States of America and The Secret Service is awaiting Linwood E. Smith III to commit suicide.