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Technology Stocks : Intel Corporation (INTC)
INTC 20.93+6.4%3:15 PM EDT
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To: waitwatchwander who wrote (186846)1/23/2022 10:10:55 AM
From: greg s4 Recommendations

Recommended By
E_K_S
Road Walker
sixty2nds
Tobias Ekman

   of 186891
 
Access to water? University looking for a reason d'etre? Gov't funding? Others?
All of the above and more.

To help develop and attract a pipeline of skilled talent from within the region, Intel plans to invest approximately $100 million over the next decade in partnership with Ohio universities, community colleges and the U.S. National Science Foundation. Especially Ohio State.

The state of Ohio certainly lured Intel with financial incentives, not to mention the Feds intention to bring semiconductor manufacture back onshore with the CHIPS Act..

A big consideration was that this is a pure greenfield project where nothing will be displaced with Intel's projected projects. Some of the other sites considered were not pure greenfield.

Intel plans to build green, the new factories have a goal to be powered by 100% renewable electricity and to achieve net positive water use and zero total waste to landfill.

Support companies such as Air Products, Applied Materials, LAM Research and Ultra Clean Technology have already indicated plans to establish a physical presence in the region to support the buildout of the site.

I think it was a very good decision.
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