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AMD Receives $683M for Dresden Plant
Cocooner writes "Infoworld has an article explaining how AMD received $683 million in grants from Germany and the state of Saxony for its next-generation microprocessor wafer facility. The new plant will be located in Dresden, adjacent to Fab 30 and will be called Fab 36. It will be the first AMD 300mm manufacturing facility."
Just be glad that they are easy on corporations. The German economy is headed for a slow, eventual decline due to deep seated structural problems. It will wind up much like Japan. Taxes are too high, and that discourages investment. Productivity isn't that high.
Worse, to help offset the massive government debt, there is talk about raising pension contributions and corporate taxes. These will hurt the economy further, making the country less competitive and decreasing investment.
Germany is falling into a trap. The people have been erroneously led to believe that the state can provide everything, which it cannot, at least in the long term. I don't quite think giving Athlon $683 million for a fab that will only be in operation for a few years is a good idea. But be glad that Siemans pays very little in corporate taxes. It keeps the jobs in Germany rather than in the U.K. or the U.S. You sure as hell don't need more people on the dole.
If you don't understand any of my sayings, come to me in private and I shall take you in my German mouth.