Intel Prepares to Invest in Europe, Funding Still Unknown

2022-06-29

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 $20 b i l l i o n f a c i l i t y i n O h i o d u e t o a l a c k o f g o v e r n m e n t f u n d s . “ I h a t e t h e i d e a o f a n n o u n c i n g a d e l a y, ” G e l s i n g e r s a i d o n T u e s d a y, c l a i m i n g I n t e l w a n t e d t o “ g o f i r s t a n d b i g g e r i n O h i o . ” B u t h e w a r n e d t h a t w i t h o u t f u n d i n g, I n t e l “ w o u l d e n d u p i n v e s t i n g a l o t m o r e i n E u r o p e a s a r e s u l t . ” T h e c h i p m a k e r a l r e a d y p l a n s t o s p e n d a b o u t$ 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.