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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."
Sorry the Drumpf is going to take credit for this...
Doesn't most Intel fab work happen in the US because they legally can't export the more advanced processes?
Trump wins again!
A lot of folks even in important positions are geniunely scared of Trump. Yesterday there was an article on how no Repug senator will vote no on Devos because they dont want to face Trump. That could be the case here as well. By sidestepping Trump, Intel does not want to start a twitter war with him!
To Trump:
Please give us government money.
Does anybody care what some partisan hack from the NYTimes says? They have no credibility left, spent it all trying to get the bitch elected.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
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 Farhad Manjoo actually read the rest of the NY Times?
Wake up NY Times and start acting like a real fourth estate.
https://www.nytimes.com/2017/02/08/technology/trump-intel-chip-factory-arizona.html?_r=0
"The factory, which will complement two other factories that Intel has in Chandler, Ariz., has been under consideration for several years. But Mr. Krzanich said that the tax cuts and deregulatory policies pushed by Mr. Trump had prompted the company to move forward with its plans."
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."
I'd rather have a Nobel peace prize
Is Intel run by a bunch of inbred idiots?
Why build manufacturing facilities where there's water shortages, problems with tectonic plate shifts, steep power bills for air-conditioning...
If it had been me, those 3 strikes would have ruled out the entire south-west of the U.S. for anything I'd want to build.
Add in the east coast with hurricanes, rising sea-levels due to polar ice melt-off, overcrowding and the entire eastern-coast is off limits for building.
That leaves the mid to upper midwest as the sweet-spot for construction.
Milder weather, easy water access, easy renewable power access, no earth-quakes, no hurricanes, no overcrowding, no issues with rising sea-level, cheaper land costs, workers with better moral and work ethics, multiple easy-access transportation hubs for getting parts in and out...
Wonder who's pocket was stuffed with graft after signing the deal.
That's neat!
big "Thanks Obama" sign we stomped into grounds there...
Um, they aren't exactly using tap water here, genius. It's ultrapure water, and it's used in a closed cycle.
Keep the muslims out!
I think Intel is genuinely on alert with respect to AMD. Intel's recent actions have led me believe that the Ryzen really is a very good CPU. Have you noticed in the last six weeks or so that Intel has been hammering the airwaves with ads? Not since the days of "Intel Inside" have I seen so much hype. These advertisements feature a Pee Wee Herman type guy walking around some business district yacking about how Intel powers all the self driving cars, Intel powers the cloud, etc. etc. It's without substance. It's all rah rah hype --- "Hooray for Intel".
Intel is clearly trying to reestablish their brand, and would not waste money on these ads if AMD wasn't about to unleash some serious competition.
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.
Lower corporate taxes and fewer regulations seem like good incentives, and it's not just Trump but also the GOP Congress that's been around for a while.
"[...] But Mr. Krzanich said that the tax cuts and deregulatory policies pushed by Mr. Trump had prompted the company to move forward with its plans."
Tax cuts and deregulatory policies that Trump only talked about. No executive order will change or enact these items. The Republicans are too busy arguing among themselves on how to repeal and replace ObamaCare that they don't have time for anything else. We're overdue for a recession. I look forward to buying stocks on the way down.
In Hillsboro over 30% of software programmers are guest workers. That is about 5% of the households in the area. With such a high concentration of H1B tech workers, that is increasing housing in the area displacing the retired, disabled and the working poor.
No, I'm not sure why it's terrible news, but you know... it makes Trump look good.
Terrible news!
In the short term this fab will create jobs for those involved in its construction but once it has been built it will be staffed by experienced people from other Intel fabs. Those other fabs may backfill some of those positions but the nodes they produce will be ramping down as this new fab comes online. While it's nice to see these jobs remain in the US it is quite a stretch call them newly created.
The US Gov't blocked Intel from selling their most powerful CPUs to China. Intel would like to roll that back since all it did was get China to create a high power domestic that they can now export to compete with Intel.
Power and real estate are cheap in Phoenix and it doesn't have earthquakes. It also lacks the taxes and regulations that have made it impossible to do business in California.
Okay, dumb-ass, I doubt that they truck in the water that's used, so probably filtered on site from, yup, you guessed it, the tap.
But even if they did some-how truck it in, unless it's sourced from some place where there's no shortage of water, I doubt it's helping with the water shortage, and if it is, then it's not helping with green-house gases trucking the water in from somewhere so far away.
Regardless, you totally failed to consider the human / water side of the equation.
How much water will the employees drink?
How much water will the employees use while cooking meals or washing dishes / containers?
How much water will be used for the toilets?
How much water will be used for cooling of the facilities?
How much water will be used for cleaning the facilities?
How much water will be used for landscaping to make the office "pretty"?
Gasp! All of that in a place where there already isn't enough water to meet demands.
Go figure.
This is not a new strategy for Intel. Trump can make political capital by highlighting this, while it's great marketing for Intel.
Although it's good news for US jobs, it will naturally displease Intel and Trumps competitors/enemies.
Trump credited with Intels decision to continue work on AZ fab plant.
You know "Pee Wee Herman", but not "Sheldon Cooper" from the "Big Bang Theory"? Actor Jim Parsonshas won four Primetime Emmy Awards, a Golden Globe Award, a TCA Award, and two Critics' Choice Television Awards for the role. The commercial leverages the Sheldon character without actually using it.
I suppose it's possible...just seems odd.
“BBT” – which has its season finale next week – averaged 8.4 million total viewers its first season. By the next year, that had grown to a cool 10 million. This year, in its ninth season, the show is averaging more than twice that, pulling in a whopping 20.3 million viewers per episode. (These and other numbers conform to Nielsen’s “most current” metric, which counts seven-day delayed viewing where available.)
That marks the fourth-straight year (fifth overall) “BBT” has been top comedy.
That puts “BBT” in the company of such classics as “Friends” (six seasons at No. 1 overall) and “Seinfeld” (four seasons).
[http://www.thewrap.com/big-bang-theory-tv-ratings-season-9-finale-cbs/]
http://www.reviewjournal.com/n...
RENO — The massive Tesla battery factory being built in Northern Nevada will be a thirsty resident, with some preliminary estimates saying it will require the equivalent of nearly half of the groundwater rights allocated to its Tahoe-Reno Industrial Center neighborhood.
The project, the cherry atop Gov. Brian Sandoval’s economic development agenda to date, promises high-paying jobs and a diversification from a long-sagging gambling economy to one powered by high-tech manufacturing and technology.
But the $5 billion, 5 million-square-foot facility going up just down the road from Reno-Sparks in Storey County exemplifies the challenges of balancing economic growth with the availability of natural resources needed to sustain it.
State and local economic development officials say through smart use of technology and recycling the most precious resource — water — the region is up to the task.
Skeptics, while not opposed to the huge project per se, question whether there’s as much water as projected in the basin along the Truckee River to meet demands without harming the river and downstream users.
You are incredibly stupid. Intel has been building fabs in Chandler AZ for literally decades now, so obviously these aren't problems. Power is dirt cheap in AZ, and water is too (that's why they have so many "water features"), though you could argue that the water situation is not sustainable. Land is cheap too. AZ hasn't had an earthquake in forever; it's very geologically stable. There's no natural disasters there ever, unless you count dust storms. And it's close to California and the port of LA.
Workers wit "better moral and work ethics"? Apparently not workers who are educated in the English language if you're an example of them. If upper-midwest workers were so great, then that region would be competing with California. Guess what? It's not; it's a backwater.
And milder weather? You're a moron. It never snows in Phoenix, so they never have problems transporting product in and out. Snowstorms are common in the midwest and upper midwest.
How will this help the poor white folks of OH, WV, MI, and IN? Wait, they wouldn't have the skills to work there anyway.
3-4 years from now, competitors will already be on 5nm process, so Intel's finished 7nm plant won't be using the latest process. If production starts more on the 3-year side, they might be releasing 7nm chips a few months before AMD releases 5nm chips. Regardless, AMD will be on 7nm in 2 years, and if Ryzen is as competitive as rumors say, then Intel will be 1-2 years late. Assuming of course that this Fab 42 is Intel's first 7nm plant. They may end up using it to produce chipsets rather than 7nm CPUs that're being manufactured at another plant years earlier.
Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
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.
They have 4 fabs in AZ.
There are infrastructure advantages to having FABS near each other for supply chain reasons,
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.
It is known that BK has a hard on for Trump and the Intel workforce hate him for it and call him out for involving Intel in partisan politics.
And they were found guilty of bribing vendors not to use AMD chips.
Intel partners with software companies, and gets them to use their compiler that switches off optimizations on non-Intel CPUs 'just because...' regardless of capabilities.
And now they're pushing Trump's deregulation pro-pollution agenda. That's the last straw from these crooked people.
this announcement - https://newsroom.intel.com/news-releases/president-obama-visits-intels-oregon-research-and-manufacturing-site-highlights-education-jobs-and-innovation/
or this announcement - http://usatoday30.usatoday.com/tech/news/2011-03-28-intel-manufacturing.htm
or this one - http://articles.latimes.com/2011/feb/18/nation/la-naw-obama-otellini-20110219
Seems like Intel is just making sure they aren't the target of regulation (or are the beneficiary of better taxes) by directly or indirectly throwing the president an economic bone. It's smart business in the USA (for like the last 200 years or so), even if everyone loves to hate Trump right now (any new president for that matter).
I'm not tired of all this winning!
The old way was that employers would pinky swear that there were no Americans to fill the jobs, and the regulatory agencies could audit it (but very rarely did).
The new way is you get priority by offering a salary higher than those "just out of school" data scientists normally make. You say you want "data scientists, and good ones". Fine, you can have them, you just have to pay a salary commensurate with "data scientists, and good ones". And you DON'T have to go into a lottery against Infosys with their applications for underpaid code monkeys.
Specifically, the priority level of your application is:
(The salary you're offering) / (The average salary of data scientists in your area).
So if you want good ones, pay a good salary and you get them - without having to win the H1-B lottery.
Hire 3,000 refugees? That's a lot of Starbucks trips!
Deregulation is already happening at regulatory bodies falling under the executive branch. The FCC rolled back the zero-rating prohibition and dropped the inquiries into AT&T and Verizon for previous violations. Trump's executive orders are weakening financial regulation:
The executive order affecting Dodd-Frank is vague in its wording and expansive in its reach. It never mentions the law by name, instead laying out “core principles” for regulations that include empowering American investors and enhancing the competitiveness of American companies. Even so, it gives the Treasury the authority to restructure major provisions of Dodd-Frank, and it directs the Treasury secretary to make sure existing laws align with administration goals.
Mr. Trump’s action on the fiduciary rule, which Democrats and consumer groups immediately denounced as a gift to Wall Street, could have a more concrete impact. His memorandum directs the Labor Department to review whether the rule may “adversely affect” investors’ ability to access financial advice — and if it does, it authorizes the agency to rescind and revise the rule.
If you doubt that further environmental, business, and consumer regulatory cutbacks are on the way you are in for a surprise.
They won't shut down fab 12 because they're currently working in interconnecting fab 12, 32, and 42.
Mr. Trumpâ(TM)s action on the fiduciary rule, which Democrats and consumer groups immediately denounced as a gift to Wall Street, could have a more concrete impact. His memorandum directs the Labor Department to review whether the rule may "adversely affect" investors' ability to access financial advice — and if it does, it authorizes the agency to rescind and revise the rule.
The fiduciary rule would have saved consumers $17B per year by forcing financial advisers to consider the best interest of their client and not themselves. You're okay with Wall Street ripping you off in your retirement accounts?
They also might find a customer for Fab 12.
Contribute to civilization: ari.aynrand.org/donate
Intel has always built new fabs and then pawned off the old ones on startups who can't afford to operate them who then close them down letting go whatever staff Intel didn't keep.
Those are just idiot fees for people who don't manually oversee their own investments in low cost index funds. We love taking advantage of idiots in this country, cough, ahem.
Those are just idiot fees for people who don't manually oversee their own investments in low cost index funds.
Millions of people have no choice but to participate in the Wall Street casino since corporations moved away from pensions to 401Ks. While corporations saved billions in yearly costs, future retirees are losing billions in yearly fees.
We love taking advantage of idiots in this country, cough, ahem.
Which is why government regulations are needed.
yes, I am plainly expressing the justification that large amounts of US citizenry accept. It is ok to use power, leverage, and expertise to steal.
Only 20 to 40% of Americans think the NYTimes is unbiased ... so why are they the score keepers on this.
And why is the premise that unless the government is forking out money Trump had no say in it. This presupposes government corruption is what fuels and improves the economy (when the US became a world power long before there was a FED or any other federal government economic aparatus).
Do the added jobs include the ones lost when they shut down their oldest fab, #12, which produces 65nm and is located in ... Chandler, Arizona?