Virtuwise

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 20billionfacilityinOhioduetoalackofgovernmentfunds.Ihatetheideaofannouncingadelay,GelsingersaidonTuesday,claimingIntelwantedtogofirstandbiggerinOhio.Buthewarnedthatwithoutfunding,IntelwouldendupinvestingalotmoreinEuropeasaresult.Thechipmakeralreadyplanstospendabout35 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.