Hard to attach larger meaning to individual economic signs. But feels like we are seeing more of these.
I wonder just how serious China’s economic woes are today and what risk of contagion to our economy and the world if China takes a deep dive?
Grant money? Who isn’t at the feed trough besides oil and gas? We pay full price.
Add this to TSMC delays $40 billion chip plane in Arizona.
America misses Trump’s booming economy.
Intel has been making successful processor chips for the last half century (with the 4004 microprocessor in 1974). China seems intent on to taking over Tiawan, the producer of a high percentage of all of the chips used in the US. This may take place in the near term, maybe even while Biden is still in office.
This plant should not be delayed. If there were ever a case to use the Defense Production Act to accelerate this plant, this is it. The US should give Intel a carryover loan to continue this plant, and charge no interest until it is producing a profit from it.
Oops.
The last time they did this was when they “delayed” the Austin fab.
It sat there abandoned for 10 years till they tore it down.
Intel is among the wokest of the woke.
“Shovel ready wasn’t so shovel ready.”
The kiss of death to any company was Obama promoting it. Now, it is Chomo Joe sniffing a business.
I feel bad for the school districts around the Intel plant who were preparing for a mass influx of H1B Indian, Pakistani and Chinese students who’s parents would be working there.
Now they will just have to teach the regular old American kids. Probably a lot less federal funding for that.