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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: waitwatchwander who wrote (186846)	1/23/2022 10:10:55 AM
From: greg s	4 Recommendations Recommended By E_K_S Road Walker sixty2nds Tobias Ekman Respond to of 186892

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.

To: waitwatchwander who wrote (186846)	1/23/2022 11:12:09 AM
From: E_K_S	3 Recommendations Recommended By greg s sixty2nds Tobias Ekman Read Replies (1) \| Respond to of 186892

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.