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Technology Stocks : Intel Corporation (INTC)
INTC 33.01-5.3%3:59 PM EDT

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To: waitwatchwander who wrote (186846)1/23/2022 11:12:09 AM
From: E_K_S3 Recommendations

Recommended By
greg s
sixty2nds
Tobias Ekman

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It's an investment in America.

I grew up in Silicon Valley in the late 60's & early 70's where Intel was a dominant influence along w/ aerospace. As the technology grew many other tech companies were created (ie AMAT, LAM, KLAC and others) and more importantly the knowledge base of the Valley.

Last year Intel mentioned they were going to make a large investment in Europe (as large as $60 Bil). It looks like they decided to move a lot of those funds into this US project.

If you want Build-Back-Better, these are the types of projects US needs to do.

One of the concerns the semiconductor companies have had building state of the art fabs in the US is/are the permitting process. It takes twice as long in many parts of the country to get the permits vs a similar plant in Vietnam or Malaysia.
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