Intel Prepares to Invest in Europe, Funding Still Unknown
Why not build in Canada? The U.S. dollar can go further, we have an educated workforce, and I suspect some supply chain issues can be largely reduced.
Nicholas Gordon writes in Fortune
Last week, Intel said it would delay the groundbreaking ceremony of a new $20 billion facility in Ohio due to a lack of government funds. “I hate the idea of announcing a delay,” Gelsinger said on Tuesday, claiming Intel wanted to “go first and bigger in Ohio.” But he warned that without funding, Intel “would end up investing a lot more in Europe as a result.” The chipmaker already plans to spend about $35 billion to expand its production in the European Union, including a new $18 billion facility in Germany.
This really puzzles me. I'll have to dig into this a little more.