Horn News:
U.S. chipmaker Intel unveiled plans on Tuesday to invest up to 80 billion euros ($88 billion) across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor industry that have led to big chip shortages.
CEO Pat Gelsinger said Intel was investing the money over the next decade “along the entire semiconductor value chain.”
The company plans to spend tens of billions of dollars setting up or expanding chip production sites and establishing research and development or design centers in Germany, Ireland, France, and Italy.
“Why are we doing this? Because the world has an insatiable demand for semiconductors, or chips,” Gelsinger said in a webcast. read more
Just do like Doritos and put five less chips in each bag…DUH!
Gee, what about keeping our innovation and production homegrown? Build your damn chips plants right here in the USA.
Yeah, what’s the deal with the plants being out of the US??????
Intel can’t build chips in the USA… Too big of a carbon footprint. Unpredictable regulations that change every four years. Easier to just bribe quasi socialist governments in Europe. More predictable 🙄
Rumor on the street is they’re bailing out of China and moving those builds to Europe. If true what do they know the rest of us don’t.
They also have a huge facility going in at Phoenix. But Intel has no LOYALTY to anybody or anything except profits.
The European continent is on the verge of ushering in WW3 and we’re going to build our microchips there.
That makes about as much sense as getting Covid tests and masks from a country that gave us Covid.
Nobody could be that stupid.
LuvntheBIGsites
There are no Carbon credit to be given for growing silicon crystals or the PVD process. It’s the shit that goes down the drain you need to worry about.
WHO TRUSTS THIS?
AS IF YOU NEED A REMINDER ABOUT GOV’T WORTHLESSNESS, REMEMBER…THEY JUST NOW DECIDED TO CONSIDER THE DAYLIGHT SAVINGS ISSUE…
WE ARE FOOKED, HAVE ALWAYS BEEN FOOKED, AND WILL REMAIN FOOKED
I can see distribution centers, like Amazon in Europe, but the EU has its own set of nightmare regulations to contend with. And except for Ireland, all those other countries have a higher corporate tax rate.
American intellectual property and proprietary technology are much better protected on our own soil.
Intel was the first stock I ever bought, back in the mid-1980’s, split about 5 times since then so yes, I want them to make wise business decisions.
Rich Taylor
The reality of it is it’s the next thing to a distribution center. The “chips” are designed here. Most likely in Folsom. The Capital equipment required to mass produce them is designed, built, assembled, tested,here and the sent over seas. Most likely the Silicon Crystals are grow here to. We will also build all of the test equipment. Companies like Lam Resaerch, Applied Materials, Tencor, are gonna make some serious green off this.
This is a blow to the Chinese. I’m happy about it.
Two of my sons work in the Austin area with companies that make semiconductors. One of them works at Samsung Austin Semiconductors in Round Rock, Texas. It is one of the largest such facilities in the world. A third son of mine was hired by them and started work there on Monday. Samsung recently began construction of an even larger facility in Taylor, Texas just east of Austin that will dwarf the one in Round Rock. It is a $20 billion project. My son was one of about thirty-five people hired on Monday to start training so that when the new facility starts up, they won’t be caught short of trained people. Many other people will be hired to fill the positions needed there. My son is a US Navy veteran and Samsung is actively hiring vets with the skills and the work ethic they desire and appreciate. My son said that most of the group hired Monday are young military veterans like himself. The skills he learned in the Navy will transfer well into the skills that Samsung wants. It was a good day in Hambone World. I needed it as Tuesday was the first anniversary of my youngest son’s passing so the good news was very welcome.
Rename border wall parts as chips.
He won’t notice and the wall will get finished.
If they can redefine women and men into anything, some steel shouldn’t be a stretch.
Loved the joke I read the other day.
Men are from Mars, Women are from Venus, and all the other genders are from Uranus.
Takes reliable energy to produce chips. Europe has that, thanks to nuclear power. Greenies here shutting everything down.
@ Hambone MARCH 16, 2022 AT 10:25 PM
Great news, Hambone!
And yet, I am so sorry for your loss. It would devastate me if another was taken from me. Especially after him living his life and loving him face to face. I actually can imagine your pain.
What a roller coaster reading your post.
@Hambone
Congrats, and sympathies.
The skills your sons are learning now will set them up for life. And hiring vets is a smart move.
My son, 26, starts a new job at the end of the month for a large pharmaceutical company here in the Bay Area in genetics. I’m thrilled he is in a field he loves but the Bay Area, like California, is suffering a slow death.
No matter how old they are, you never stop worrying about your kids.
Hambone, Dang. Parents aren’t meant to out live their children. My condolences.
WOW, HAMBONE..CONGRATS AND CONDOLENCES
I HAVE A STRUGGLING 25 YO, AND I WORRY ABOUT HIM DAILY; HE’S MY YOUNGEST AND I CAN’T IMAGINE LOSING HIM
THANK YOU FOR BEING A GREAT DAD AND PATRIOT
Intel is making significant investments in the US as well. While I can’t say I I know the politics of the insiders, I can tell you that they are are good company for contractors to work for, and they are also good for the vendors that support them. For 20 years I’ve supported the Hillsboro, Oregon site, they have a huge expansion kicking off in Arizona, and they just announced a 20 Billion dollar new construction project in Ohio. Once Intel starts working a site it is nonstop expansion. One of the contractors I work with in Hillsboro has a couple supervisors that have been on the construction side of things there for 25 years. They’re going to retire having worked the same site in new construction.
You know something amazing about these plants, the Hillsboro site has 96” water mains that run through the plant. That’s huge!
Tough loss Hambone! I really do pray for all of us iOTW’ers.
Thanks everyone!
Hambone, I will pray for you tonight. God bless you.