111–120 of 265 posts
I don't care why they are doing this, but it should have happened a long time ago. The cynism here is disappointing. If companies start investing their money domestically then excess savings will fall, deflationary pressures will be gone and the economy will start growing quickly again and that means wages will grow too.
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I suspect they really were going to spend a significant chunk of this regardless, but they packaged it into a nice press release at a potentially fraught political moment. And…$430 billion over 5 years is a lot, but what if it influences tax or tariff rates just a bit in your direction over a 10-year period? Because that could be worth it, especially, again, if you were going to set up that new campus anyway.
> I suspect they really were going to spend a significant chunk of this regardless Regardless of what?
This spend was probably in the books, so let’s wrap it in a nice bow before Congressional hearings.
I'm probably reading too much into this, but it feels like this and other corporate announcements are channeling a pretty substantial shift in political-economic mood, theory-space or whatnot. They seem to be justifying themselves in ways that were previously unnecessary. If Monetarism really is being abandoned, I predict unpredictable changes to economic thinking across the board. It was definitely impactful on the…
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None of that sounds like charity or even framed as charity. They need workers to work at these factories they are building. US workers don’t have those skills. So they need a training center for their business investment to work out.
man you people are coming out of the woodwork to simp for apple; if what you're saying were true then the language wouldn't be so topical and timely (eg alluding to hbcus).
It's surprising to me that $430B doesn't include plans for Apple's own fab(s).
Owning your own fabs is a great way to end up being stuck on a node, like intel.
However you are correct in that TSMC still owns and operates its older node fabs. Today's cutting edge fab is tomorrow's legacy fab producing no-longer cutting edge commodity parts. This is why Apple won't buy any fabs or fab operators themselves.
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>I’ll wait to see the halo effect of high paying tech jobs in a community. Increased homelessness from rapid gentrification
Seems like you can't win. If you stay in bay area you get accused of concentrating wealth in the bay area and not spreading it. If you move to other areas you get accused of gentrifying the area and pushing poor people out.
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Not attacking you, but I'm so tired of this: "...who has a duty to shareholders to, you know, not pay more taxes than they have to..." Let's make shareholders rich. It'll all trickle down from there...
You can’t expect a company (or individual) to not act in their best interests - it’s up to the Goverment to make the law and tax code fair or redistribute wealth
I kind of hate the way Apple phrases their business investments like they're performing some great charitable act. Also, I'll wait for an external audit of whether they're paying all the relevant local taxes before I would consider giving them credit for these "investments" in local infrastructure they're making.
Why investments should be like charitable act? Investments are suppose to be win-win, because they are investments, not handing out money ... Also, it is a very low level misconception that paying local taxes is how you contributing to the local community. No. Investing is already contributing to the local community. The business will build campus there, and hire people there, and also increase other local businesses…
Companies are more than welcome to make themselves at home iff they pay their dues, and should not be welcome if they don't.