171–180 of 265 posts
Wait, no investment in Miami ? Reading tech twitter, folks already claimed Miami to be the next tech hub
Here, I'll quote it for you: "Apple has also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon."
Let’s run through the possible reasons Apple announced this, with various degrees of cynicism. 1. Getting some good press before Congress decides to do something in regards to the app store model. 2. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained, and preparing for that future. 3. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained…
Earlier quoted context omitted.
Yep, all tech companies have seen the writing on the wall for overconcentrating their operations in California. People in general have become more and more hesitant to move there for a wide platitude of reasons from absurd cost of living to issues such as mass wildfires. They've realized that perhaps, just perhaps, they could afford to have more than one large corporate campus at their scale of fuck you money. Which…
Just an FYI - I'm not sure what word you were reaching for, but it wasn't 'platitude' in this context. Perhaps 'plethora' or 'multitude'.
Earlier quoted context omitted.
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…
You've just described trickle down economics but for society. Companies are more than welcome to make themselves at home iff they pay their dues, and should not be welcome if they don't.
What is really trickle down for the society? The dead loop between more taxes and economic stagnation.
Plus the spreading of their small manufacturing fund over several states isn’t going to bring about an American Shenzhen, like with Silicon Valley, it needs to be a geographically centralized hub or nexus to get increasing gains from cross pollination between all of the firms.
Apple needs to be investing to lessen their dependence on Foxconn mainland manufacturing and logistics.
Earlier quoted context omitted.
Yes - we do and are seeing rapid inflation. We see rapid asset inflation across the board. Check recent commodity prices across copper, lumber, food, water etc. Everything has been rising dramatically during the period that the world has been practicing what you call 'Quantitative easing'. Inflation isn't just related to Forex if all the worlds currency's are inflating, albet just maybe faster than the USD. And the o…
To be clear, you wrote "rapid asset inflation". For middle class and below, that can only mean buying a house. There are no other economically significant assets they own. (Cars are a stretch!) For all other items, is there significant inflation? No. "IMF is based in USD" -- Are you not familiar with special drawing rights (SDR)? Please explain if I do not understand your comment.
>Are you not familiar with special drawing rights (SDR)
Not really to be honest? but i don't get your point in bringing it up. I know the US has the highest SPR weight by far and that the IMF was created by the united states after we got off the gold standard. My point was that the US has a massive influence on a standard thats supposed to be 'International' and thus controls the Forex and thus 'relative' Inflation. (Our inflation in regards to other currencies as opposed to some real meaning of the word inflation)
Earlier quoted context omitted.
I doubt they have the scale to make owning a fab worthwhile. Certainly, unless they branch out into selling more mundane chips, they would have a problem using the capacity in their fabs for their own chips once those fabs get older.
How is owning a fab not worthwhile for a company that produces billions of devices each containing multiple chips? Sure you can make the arguments against vertical integration, but to "doubt they have the scale" when speaking of the most valuable company in the world, with a product in the hands of billions? If Apple doesn't have the scale, then who does?
That would make owning a fab for themselves uneconomical.
Exception would be if they managed to build a fab that’s better than what others have, but I don’t see them do that, either.
On the other hand, TSMC, without Apple’s money, might not be as strong as it is with it, allowing Apple to beat it, and have the best fab.
Wait, no investment in Miami ? Reading tech twitter, folks already claimed Miami to be the next tech hub
But since then, Austin, Denver, NC, Nova, Portland, Nashville and others have all done a really good job of actually competing with California for tech industry growth. On paper, Florida seems like it should be really competitive in this space. Good weather, low taxes, business friendly climate, immigrant centric culture, decently low cost of living, good schools, and population ties to the high-skilled NYC area.
So, I'm genuinely curious, because I know there are people on this board who are in a position to make these decisions. If your company considered a satellite campus in Miami or Tampa or the Space Coast and decided to pass, what was the reason? The sticky summers? Lack of topography? Florida Man stereotypes?
Let’s run through the possible reasons Apple announced this, with various degrees of cynicism. 1. Getting some good press before Congress decides to do something in regards to the app store model. 2. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained, and preparing for that future. 3. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained…