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Intel to Spend $2.5 Billion on Chip Factory in China
Bloomberg | March 26, 2007 | Ian King and Janet Ong

Posted on 03/25/2007 8:30:11 PM PDT by jdm

Bloomberg is link only.

Story


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: billions; china; chipfactory; eavesdropping; intel; nationalsecurity; neilbush; semiconductor; spyware; trojanhorse
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The investment will be the largest in northeast China since the country's investment reforms in 1978, Zhang Xiaoqiang, vice chairman of China's National Development and Reform Commission, said in the statement.
1 posted on 03/25/2007 8:30:15 PM PDT by jdm
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To: jdm

Come on Intel,don't let me down now. I've always bought your chips because you've manufactured in my home state of Massholechusetts,but if your going to go to China I may as well buy AMD !!!


2 posted on 03/25/2007 8:34:24 PM PDT by Obie Wan
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To: jdm

Great. More American jobs shipped to slave labor markets.


3 posted on 03/25/2007 8:36:01 PM PDT by mysterio
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To: Obie Wan
China became the world's biggest chip market in 2005, after passing the Americas region. Sales of chips to the country will rise to $111 billion in 2011, from $39 billion in 2005, according to Scottsdale, Arizona-based IC Insights Inc.

Amazing figures.

4 posted on 03/25/2007 8:40:13 PM PDT by jdm
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To: jdm

Yeah, amazing figures. So why can't I get excited about em ???


5 posted on 03/25/2007 8:42:12 PM PDT by Obie Wan
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To: Obie Wan

A few years ago I was an admin. assistant for an Investor Relations VP at a Fortune 500 company. He was really big into investing in China, even back then.

He would pay huge $$$$ to subscribe to these "special" investment newsletters, but the author of one of the newsletters forgot to crop off the ticker symbol on one of the charts one time. I tracked that stock to a 1,600%+ increase over an 18-month period. Did I ever buy any? Of course not. LOL. That's how it always is.

I distinctly remember another "talking head" touting PeopleSoft when it was like $3 or $4 a share and it got back up around $30 or $40. This was long after the NASDAQ crash of 2000 too.

Abercrombie & Fitch was another one. It got really cheap (like a few bucks / share) in early 2000 or so, right before the NASDAQ tanked big time. Then it climbed back up around $40-$50.

There's always ways to "win," but I tend to do too much sitting on the sidelines.


6 posted on 03/25/2007 8:58:41 PM PDT by jdm
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To: jdm

Free Trade.... Yeah that is real good for American Jobs....


7 posted on 03/25/2007 9:01:00 PM PDT by Sprite518
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To: jdm

Me too. If your old enough, remember a stock call Polariod ??? Back in the 1950's you could buy shares of this stock for peanuts and they multiplied and multiplied for a number of years afterward,and I had a chance to buy em cheap and sell high,but did I do it? hell no !!!


8 posted on 03/25/2007 9:05:02 PM PDT by Obie Wan
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To: jdm
Amazing figures.

What this means is that the largest share of the plants assembling the circuit boards housing the chips are in China. Most of these circuit boards end up in final products bound for end markets in the developed countries.

9 posted on 03/25/2007 9:08:08 PM PDT by Zhang Fei
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To: mysterio

You can thank The Democratic Party policy of OUTFORCING jobs for this one...

Over-Taxation, Over-Unionization, Inane Enviro Regs, and UNLIMITED CIVIL LIABILITY have made it nearly impossible for anything manufactured in America to compete globally...

Add in the explosion of the STANDARDIZED SHIPPING CONTAINER, and you have a recipe for Disaster.


10 posted on 03/25/2007 9:09:21 PM PDT by tcrlaf (VOTE DEM! You'll Look GREAT In A Burqa!)
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To: jdm

Frito-Lay is doing the same thing.


11 posted on 03/25/2007 9:11:03 PM PDT by MARTIAL MONK
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To: jdm

That's great. Let's invest in a country that commits some of the most outrageous human rights violations in the world.

Their workforce will be imploding anyway - they are killing all their girls.
Pretty soon they won't even have enough children to slave away making this stuff.


12 posted on 03/25/2007 9:14:51 PM PDT by Scotswife
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To: Sprite518
"Free Trade.... Yeah that is real good for American Jobs...."

Yeah, but how many billions have Europe and Japan spent to build cars in the US of A?

13 posted on 03/25/2007 9:22:37 PM PDT by Eccl 10:2 (Pray for the peace of Jerusalem - Ps 122:6)
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To: Scotswife
Their workforce will be imploding anyway - they are killing all their girls.

Take quite a while to dwindle down from 1.3 Billion.

14 posted on 03/25/2007 9:29:24 PM PDT by cryptical (The actual cause of global warming: Fred Thompson's burning rage.)
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To: MARTIAL MONK
Frito-Lay is doing the same thing.

Are you suggesting that our Fritos could soon be coming from Mexico??? Aye, yaye, yaye, yaye.

15 posted on 03/25/2007 9:33:46 PM PDT by ElkGroveDan (When toilet paper is a luxury, you have achieved communism.)
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To: Eccl 10:2

I really do not know. I would be willing to be not nearly as much as we are sending to China and India.


16 posted on 03/25/2007 9:34:00 PM PDT by Sprite518
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To: cryptical

"Take quite a while to dwindle down from 1.3 Billion."

it is an aging population and they are killing their girls.
The first batch of "little emperors" - male single children are about to reach adulthood.

It doesn't have to dwindle down from 1.3 billion - it ages, it shrinks, and then they find they have a mass of aggressive young men who don't have mates.

It will get interesting.


17 posted on 03/25/2007 9:37:08 PM PDT by Scotswife
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To: jdm

They are absolute fools


18 posted on 03/25/2007 9:48:28 PM PDT by Centurion2000 (If you're not being shot at, it's not a high stress job.)
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To: jdm
Intel to Spend $2.5 Billion on Chip Factory in China

After Investing $2.5 Billion in Chinese Chip Factory, Intel Asks, "How could they screw us over like this, steal our technology, and then push their own product?"
19 posted on 03/25/2007 9:50:52 PM PDT by aruanan
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To: jdm

Electronic Voting Can't Be Trusted
http://www.freerepublic.com/focus/f-news/1745931/posts?page=108#108

Something I said there.

>>> How hard will it be to get pirate chips for voting? (china fabs)<<<


20 posted on 03/25/2007 9:56:08 PM PDT by quietolong
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