Has Intel gone too far with its Ohio fab 'delay' stunt?
theregister.com
Has Intel gone too far with its Ohio fab 'delay' stunt?
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Re: Has Intel gone too far with its Ohio fab 'delay' stunt?
#2I find it amazing that we can send $52B [1] to Ukraine but can't invest in our own nation, strengthening its manufacturing sector and employing some 10k employees in Ohio. I am usually against Gov intervention in private corporations but there are projects that require the might that only federal Gov can propel. Semiconductor industry is critical and impossible to ignore.
https://www.nytimes.com/interactive/2022/05/20/upshot/ukrain...
This bill is now stagnant. If I were Intel, I'd make a hissy fit about it too.
Re: Has Intel gone too far with its Ohio fab 'delay' stunt?
#3Here's Intel's most recent 10K: https://www.sec.gov/ix?doc=/Archives/edgar/data/0000050863/0...
Should a company whose revenue is $79 billion a year with a *current* asset of $57 billion be able to get taxpayer's handout?
Re: Has Intel gone too far with its Ohio fab 'delay' stunt?
#4Here's Intel's most recent 10K: https://www.sec.gov/ix?doc=/Archives/edgar/data/0000050863/0... Should a company whose revenue is $79 billion a year with a *current* asset of $57 billion be able to get taxpayer's handout?
Who else can afford the lobbying required to make it happen?
Re: Has Intel gone too far with its Ohio fab 'delay' stunt?
#5Here's Intel's most recent 10K: https://www.sec.gov/ix?doc=/Archives/edgar/data/0000050863/0... Should a company whose revenue is $79 billion a year with a *current* asset of $57 billion be able to get taxpayer's handout?
Who else can afford the lobbying required to make it happen?
meanwhile, Intel CEO is paid handsomely for a languishing company, even more than Apple's Tim Cook.
https://www.reuters.com/business/intel-ceo-earned-1711-times...
Re: Has Intel gone too far with its Ohio fab 'delay' stunt?
#6> The frustration over Congress not taking action yet for several months is understandable, but Intel needs to ensure it can effectively communicate the true impact of such inaction.
You can trust politicians to bring things to a grinding halt over partisan views, always and without fail like a clockwork. The amount of political apathy to things that actually will make difference is massive.
US needs CHIPS Act to pass quickly. Intel fab is the first of many that needs to be made to keep the progress running. Honestly its good for everyone too - a good, competitive fab means better tech & yields, retention of talent & job creation, & most importantly avoiding the single point of failure situation with TSMC or Samsung.
Re: Has Intel gone too far with its Ohio fab 'delay' stunt?
#7I find it amazing that we can send $52B [1] to Ukraine but can't invest in our own nation, strengthening its manufacturing sector and employing some 10k employees in Ohio. I am usually against Gov intervention in private corporations but there are projects that require the might that only federal Gov can propel. Semiconductor industry is critical and impossible to ignore. https://www.nytimes.com/interactive/2022/05/2…
Dollars send to UA directly translate into destroyed Russian assets. Its not even new dollars, but military equipment build specifically for the purpose of shooting at RU. Its immensely more productive to donate this gear and watch it work from the comfort of your own country. $ Multiple billion $ does sound like a lot until you realize its magical military contractor accounting:
$250K per 20 year old stingers while brand new modern (shaft resistant!) Polish Piorun is $100K https://www.warhistoryonline.com/instant-articles/polish-man...
$170-250K Javelin missile versus Stugna-P at $20K. This one is kinda apples to oranges until you realize you can buy Stugna-P launcher with box of missiles and Side-by-Side/ATV/UTV for less than empty Javelin launch unit.
700x Switchblade "The cost of AeroVironment Switchblade is estimated around $ 70,000 apiece" https://defence24.com/technology/loitering-ammunition-in-spe... with US politicians getting angry UA doesnt want more of useless 0.5 pound remote hand grenades and instead keeps using cheap homegrown Aerorozvidka R18 octocopters capable of dropping 10 pounds of explosive load in one go.
Its a win win win situation:
US is finally able to use all the weapons it build over the years on its intended target without losing a single drop of US blood.
US is able to deplete stock of obsolete/old weapons and expense it at full brand new value.
US military contractors get the sell a ton of experimental highly situational weapons (switchblade 300 is made for special operations assassination missions against singular human targets, useless in war).
UA gets help it badly needs.