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Intel To Invest $7 Billion in Factory in Arizona, Employ 3,000 People (cnbc.com)
Intel CEO Brian Krzanich met with President Donald Trump on Wednesday, where the company announced it will invest $7 billion in a factory employing up to 3,000 people. From a report: The factory will be in Chandler, Arizona, the company said, and over 10,000 people in the Arizona area will support the factory. Krzanich confirmed to CNBC that the investment over the next three to four years would be to complete a previous plant, Fab 42, that was started and then left vacant. The 7-nanometer chips will be produced there will be "the most powerful computer chips on the planet," Krzanich said in the Oval Office with the Trump administration. Most Intel manufacturing happens in the U.S., Krzanich said. "America has a unique combination of talent, a vibrant business environment and access to global markets, which has enabled U.S. companies like Intel to foster economic growth and innovation," Krzanich said in a statement. "Our factories support jobs -- high-wage, high-tech manufacturing jobs that are the economic engines of the states where they are located."Farhad Manjoo, columnist at The New York Times, tweeted; "As far as I can tell the decision had nothing to do with Trump, but they decided to announce with Trump. Why? There was no federal subsidy or any other credit. So it's just a marketing decision to give Trump credit."
Trump wins again!
Journalists are idiots, who only know what they're told.
Why would Intel be sharing its CapEx decision-making process with a journalist?
If the Journalist really knew, he'd go back through his "notes" and find the list of where Intel's proposed fab was going to be, then hunt down the decision-making process.
But he can't, so he basically is saying "I don't believe them because I have no information."
What an f-tard.
Does that mean they'll be 0.002% faster than the last generation of chips? I knew Intel's chips weren't improving at any great pace, but even I was surprised when I saw HardOCPs benchmarks comparing a five generation old Sandy Bridge 2600K to the latest Kaby Lake 7700K:
http://www.hardocp.com/article/2017/01/13/kaby_lake_7700k_vs_sandy_bridge_2600k_ipc_review/2
I'm not feeling any need to upgrade my i7 3770, and if I did I'd probably go for a Ryzen since the market desperately needs some competition.
If Ryzen turns out to be good Intel will no doubt just bribe all the OEMs to use their chips, just like they did when AMD got well ahead of them with the Athlon.
Intel always builds its new fabs in chandler - so this really ISN'T news. What would be news would be if Intel were for some reason to break with this and not invest in chandler first.
Considering how Trump trashed Boeing's share price - is it any wondering BK and the Intel board are giving the vainglorious moron the chance to bask in Intel's reflected glory ?
This is the definition of a propaganda piece - roughly akin to when Kim Jong Un 'directs' nuclear tests or 'gives guidance' to actual surgeons in hospitals...
"As far as I can tell" = I have know information, no source and don't know anything about the industry, but I'll make something up anyway.
When they came for the communists, I said "He's next door. Take him away. Goddam commies."
You heard something about someone, so from that you extrapolate that the Intel chief is scared of Trump and so will commit $7 billion to avoid Trump saying something mean about him on Twitter.
Dumbest thing I've read today, but it's early.
When they came for the communists, I said "He's next door. Take him away. Goddam commies."
Trump is an extremely vindictive and extremely vain man - if you stroke his vanity then he will likely provide benefit (influence government contracts; direct regulators to do favorable actions) and if he feels he has been slighted he will be highly vindictive.
So giving him credit plays into his vanity.
I'm confused. Trump says that American is a broken, dangerous disaster, but the CEO of Intel says, "America has a unique combination of talent, a vibrant business environment and access to global markets, which has enabled U.S. companies like Intel to foster economic growth and innovation". Which is it? Is American a horrible, horrible place where billionaire's daughters are treated "unfairly", or is it an awesome place where Intel can be formed and grow?
I don't respond to AC's.
Oh bullshit. The checks and balances built into the American political system seem to be working just fine.
He might do shit that you and I don't - and trust me I really don't like him - but he is not Hitler 2.0 even tho he might want to be, nor will he sell the nation off to the highest bidder.
I am very small, utmostly microscopic.
Repug
What are you, 12?
This is why we would would prefer discussing technology to politics in this forum.
Attacking a strawman of your own construction, while ignoring the 'highest salaries get the visas' aspect of the changes.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
Most likely Intel was going to hire those people regardless of who became President as they need to increase their lines. A public announcement will get Trump off their backs.
Well, there's spam egg sausage and spam, that's not got much spam in it.
I know you're trying to do yet more painting of Trump in a bad light by spreading "fake news" and "alternative facts"
Nobody needs to paint Trump, he does that very well on his own. He literally is the greatest at it.
Heck, look at how many times he has had to backtrack on what he said previously. If you don't know, then you are just another peasant that's been conned into voting for someone who does not have your best interest at heart.
If that's the dumbest thing you've seen today, then you must have missed Trump using the POTUS official twitter account to attack a company for having the audacity to make a business decision affecting his daughter.
It's not speculation anymore, Trump has PROVEN he will use his position as POTUS to punish companies on a whim. So speculating that this was done out of fear is not crazy. Not anymore.
Mostly because they're beholden to the teacher's unions.
We don't have a state-run media we have a media-run state.
Fab 12 opened in 1996, and I suspect they will close that when Fab 42 opens, so there might not be any actual net increase in employers once construction is complete.
I will end wars in the middle east.
I will close Gitmo
You will be able to keep your doctor and your insurance
We will fund shovel ready jobs
This will be the most transparent and honest administration ever
We will be able to lower the seas.
Do I really need to go on? The fact that you all seem to need to make up stories every day about how bad Trump is, instead of reporting the truth about him, makes me think he isn't all that bad. Its the opposite of last president where he would tell a woman that her mother shouldn't get medical treatment and take a pain pill instead and the media pretended it didn't happen.
No one is any longer convinced of your crap.
This has nothing directly to do with Trump. The world is forcing the US to transition to a UN mediated fixed exchange rate system with a supranational reserve currency that will function like Keynes' Bancor. The USD will drop in value, which will make imports much more expensive (probably around 20%, which is greater than most profit margins).
To the extent Trump is a part of this, it is because Congress has for 10 years dragged their feet to enact appropriate measures, and there will likely be a great deal of pain in the short term. Trump both distracts the populace from this huge problem, particularly with stupid shit like Devos. I mean, look at yourself. The Department of Education shouldn't even exist. Education has only gotten worse since it was created, in my lifetime and I'm not old. Sure, she's a stupid choice and her nonsense about school vouchers couldn't be more ridiculous. But, at the end of the day, education is a local matter and what she believes or desires is irrelevant.
But clearly not the children of their constituents.
There are two types of people in the world: Those who crave closure
There is nothing President Trump can do that some media out there won't paint as badly for him as fast as possible. If Trump had personally financed a subsidiary, the NYT would still find some dog shit to smear him with. Where's the bright side of media? The puff pieces they put out that at least give Americans hope their country is still the greatest place to live? These Media wars are so bad, it's like watching that scene in The Godfather when Michael says "We have reporters on payroll, we can paint this cop as a crooked cop". Here, it's the parties that are the rackets, and Trump is just the next cop on the street.