If only Intel had leftover money after expenses, let’s call that money ‘profits’ and used it to build its own factories.

Nah that would cut into the executive yacht and private jet bonuses.

Edit: I just looked it up and it turns out profits are a real thing. Intel made $30 billion in profit last year. They said it would take $20 billion to build TWO fabs in Ohio.

Nah still not enough to cover the hookers and blow.

Edit2: I also just looked it up and it turns out the CHIPS Act would be paid for by the poor and middle class. Well they dont need yachts, private jets, hookers or blow. So they have money to spare. Win win!!!

DavenIf only Intel had leftover money after expenses, let’s call that money ‘profits’ and used it to build its own factories.

Nah that would cut into the executive yacht and private jet bonuses.

Yeah them must be cut indecent pat gelsinger salary

Gelsinger took over as CEO of Intel in Feb. 2021, and received a compensation package worth $178.59 million later that year, according to a financial filing.

The compensation included over $1 million in salary, a $1.75 million bonus, over $140 million in stock awards, and nearly $30 million in option awards.

:)

DavenIf only Intel had leftover money after expenses, let’s call that money ‘profits’ and used it to build its own factories.

Nah that would cut into the executive yacht and private jet bonuses.

Edit: I just looked it up and it turns out profits are a real thing. Intel made $30 billion in profit last year. They said it would take $20 billion to build TWO fabs in Ohio.

Nah still not enough to cover the hookers and blow.

Edit2: I also just looked it up and it turns out the CHIPS Act would be paid for by the poor and middle class. Well they dont need yachts, private jets, hookers or blow. So they have money to spare. Win win!!!

Reminds me of sports teams that won't pay for their own stadiums.

They did the same thing in Austin Tx, years ago.

DavenIf only Intel had leftover money after expenses, let’s call that money ‘profits’ and used it to build its own factories.

Nah that would cut into the executive yacht and private jet bonuses.

Edit: I just looked it up and it turns out profits are a real thing. Intel made $30 billion in profit last year. They said it would take $20 billion to build TWO fabs in Ohio.

Nah still not enough to cover the hookers and blow.

Edit2: I also just looked it up and it turns out the CHIPS Act would be paid for by the poor and middle class. Well they dont need yachts, private jets, hookers or blow. So they have money to spare. Win win!!!

Then they want you to buy there shit again.

The irony of all of this: Intel sucks at fabbing chips. Only glofo is worse and thats not saying much.

That's corporate blackmail for ya. Oh, sorry, did I sound like a commie terrorist? Lobbying pressure is, I think, a more corpo-friendly term.

Companies that are shareholder owned will always seek to minimise costs. It's why corporations move to low tax states (Texas, for example) to secure tax breaks (which means less money going to the state and therefore to local resources, schools etc). It's why Apple and others moved to Ireland in the EU (again, a huge tax let off). People ought to understand that if you want a big business to play 'fair', you need to level the playing field (by state cash incentives). Or, you stop private ownership and have profit put back into the company and its workforce. If that sounds unpalatabble, and you espouse the freedoms of the free-market, you can say goodbye to 'friendly' businesses. All they seek to do is enrich their shareholders. And often, those that hold huge volumes of shares are CEO's (Geslinger, Musk, Bezos, etc). But, this sort of cut-thoat profiteering is also associated with innovation. So... what do you want? Freedom and corruption, or control (followed by corruption) and stagnation?

So many things to say about this, but really the only thing that encompasses it all is cronyism. A crooked company and political systems exploiting multiple countries and workers to keep profits safe from the average human.

Meanwhile we all in the same boat they say, it’s just that theirs have hot tubs and helipads.

Kek! :D

DavenIf only Intel had leftover money after expenses, let’s call that money ‘profits’ and used it to build its own factories.

Nah that would cut into the executive yacht and private jet bonuses.

Edit: I just looked it up and it turns out profits are a real thing. Intel made $30 billion in profit last year. They said it would take $20 billion to build TWO fabs in Ohio.

Nah still not enough to cover the hookers and blow.

Edit2: I also just looked it up and it turns out the CHIPS Act would be paid for by the poor and middle class. Well they dont need yachts, private jets, hookers or blow. So they have money to spare. Win win!!!

I couldn't agree more... When it's a corporate subsidy paid for by taxing the working class, it's "normal", but when it's a subsidy to the working class paid for by taxing corporations and the rich, it's "socialism" and "class warfare".

The government should use the stick with Intel instead of the Carrot and tell them that either they build a fab in the U.S. or they lose all their tax breaks, all their subsidies and we audit every executive at Intel.

the54thvoidCompanies that are shareholder owned will always seek to minimise costs. It's why corporations move to low tax states (Texas, for example) to secure tax breaks (which means less money going to the state and therefore to local resources, schools etc). It's why Apple and others moved to Ireland in the EU (again, a huge tax let off). People ought to understand that if you want a big business to play 'fair', you need to level the playing field (by state cash incentives). Or, you stop private ownership and have profit put back into the company and its workforce. If that sounds unpalatabble, and you espouse the freedoms of the free-market, you can say goodbye to 'friendly' businesses. All they seek to do is enrich their shareholders. And often, those that hold huge volumes of shares are CEO's (Geslinger, Musk, Bezos, etc). But, this sort of cut-thoat profiteering is also associated with innovation. So... what do you want? Freedom and corruption, or control (followed by corruption) and stagnation?

Stagnation? Those individual engineers at those companies who work hard and create those innovations don't do it for share holders or for capitalist ideology, they do it because they love it, and would arguably do it the same way if it was say, a nationalized industry, which I would argue, that along with certain natural resources, semi conductors should be at least semi-nationalized.... Most of the best accomplishments that have actually helped out humankind were NOT done for profit, like insulin, or even the guy who invented matches. If capitalism is the only thing that keeps us from "stagnation", I suppose we sat around and did nothing prior to thr 300 years capitalism has been around.

phanbueyIf you see what the commies are doing, its even worse lol. Look @ China's fab subsidies and evergrande coverups, $$ being pumped into Huawei.

Let's clarify something, China follows absolutely no communist, e..g marxist/marxist-leninist ideology at this point. After the Tianimen square incident, the completely moved away from Marxist ideology and chose a path toward consumerism to pacify the population (instead of the democracy they were asking for). In any college level comparative politics 200 level course, you'd learn that China is best desribed as a centralized authoritarian state capitalist system. They do not use central control or planning like the Soviet Union and at most tinker with a market system (which all western countries do to, think corporate subsidies), the only vestige of the marxist-leninist system that still remains is Lenins idea of Democratic centralism, where the hierarchy of the party can best be described as concentric circles, where the lowest ranking party members vote for the next level up, then that level votes for the one above them, all the way to the inner circle. China is "communist" in name only, but by no means do they deploy any Marxist or even moaist economic apparatus in the present.

AnarchoPrimitivStagnation? Those individual engineers at those companies who work hard and create those innovations don't do it for share holders or for capitalist ideology, they do it because they love it, and would arguably do it the same way if it was say, a nationalized industry, which I would argue, that along with certain natural resources, semi conductors should be at least semi-nationalized.... Most of the best accomplishments that have actually helped out humankind were NOT done for profit, like insulin, or even the guy who invented matches. If capitalism is the only thing that keeps us from "stagnation", I suppose we sat around and did nothing prior to thr 300 years capitalism has been around.

Is there real innovation in the US for the people such as high-speed trains, widely used hydrogen cars, electric cars or hydrogen airplanes?

The semiconductors innovation today is mostly driven by TSMC and ASML, not US companies or US help there involved.


About these people's wealth - are they ever interviewed about this issue? How do they feel with so much money - you know money doesn't buy happiness - today you have this money, tomorrow you may go bankrupt?

Hi,
Not sure why they picked ohio if they expected so much money from washington just pick it then intel wouldn't have to hold their tincup out so far :laugh:

If the CHIPS Act doesn't happen, Intel's plan seems to be to focus on countries outside of the US where the company is getting subsidies, although the Ohio fab is still likely to be built, just at a slower pace.

that might be the register but here in ohio:

“We still had some work to do,” Tierney said. “Certainly we were hoping to have a ceremonial groundbreaking this summer.”

Tierney said DeWine shared in Intel’s frustration over CHIPS funding, but stressed that passage of CHIPS funding would only affect the expansion project, not the initial $20 billion plant.

both the cleveland plain feeler, errr plain dealer andcolumbus dispatch give more accurate info . . just saying.

btw, google "Bypass Paywalls by Adam" :p

but yeah, intel is too use to getting their own way in asia for too long. surprised?

I'm sorry for Intel, but politicians just follow the crisis of the moment and right now because of inflation the chip crisis has been already forgotten. Pat should hope that China will follow Russia's example and invade Taiwan soon, then the CHIPS act will become a priority again.

"Waaa we can't launder money without government help! No party for you!"

Tax payer money for a company that clearly don't need it. Wow.

phanbueyWell since I talk to my family and friends from Russia every weekend, I can tell you with 100% certainty it's not at all about what they want.

They don't get to pick what they want. It's go with the flow or get f*cked.

There is never full 100% happiness. What do they complain about? Lack of justice? Well, there is no justice in the US too, because their oligarchs are actually the same.

I think the best places to live are in Europe - Germany, the Czech Republic, Slovenia...

the54thvoidCompanies that are shareholder owned will always seek to minimise costs. It's why corporations move to low tax states (Texas, for example) to secure tax breaks (which means less money going to the state and therefore to local resources, schools etc). It's why Apple and others moved to Ireland in the EU (again, a huge tax let off). People ought to understand that if you want a big business to play 'fair', you need to level the playing field (by state cash incentives). Or, you stop private ownership and have profit put back into the company and its workforce. If that sounds unpalatabble, and you espouse the freedoms of the free-market, you can say goodbye to 'friendly' businesses. All they seek to do is enrich their shareholders. And often, those that hold huge volumes of shares are CEO's (Geslinger, Musk, Bezos, etc). But, this sort of cut-thoat profiteering is also associated with innovation. So... what do you want? Freedom and corruption, or control (followed by corruption) and stagnation?

Stagnation isn't as bad as some people believe, imo. There was stagnation in the Sandy Bridge refresh refresh +++ era, and everybody cried "ohhh, dear Intel, we want more than 4 cores", but who won in the end? The same people who cried, because they didn't have to buy a new CPU and motherboard for a decade. If stagnation means no Rapid Super Lake refresh refresh ++ every year, I think I'm fine. :)

It also wouldn't be bad if we didn't generate so much e-waste in the name of progress and performance increase.

AusWolfStagnation isn't as bad as some people believe, imo. There was stagnation in the Sandy Bridge refresh refresh +++ era, and everybody cried "ohhh, dear Intel, we want more than 4 cores", but who won in the end? The same people who cried, because they didn't have to buy a new CPU and motherboard for a decade. If stagnation means no Rapid Super Lake refresh refresh ++ every year, I think I'm fine. :)

It also wouldn't be bad if we didn't generate so much e-waste in the name of progress and performance increase.

Most ewaste in computers comes from motherboards. Due to greed and lazy planning, Intel pushes a new socket more than anyone else.

Cool, less money completely wasted on a meaningless photo op.

DavenThe irony of all of this: Intel sucks at fabbing chips. Only glofo is worse and thats not saying much.

I think this is not true in the slightest, they have had some problems recently advancing their manufacturing process but they were able to consistently still put products on the shelf and have good yields on their existing process. Their transistor density is still better and to a certain degree power efficiency is also not that far of what Samsung - probably the actual worst fab of the industry lol - or TSMC has (a lot of Intel's power problems come from architecture, not from process)

Hate on Intel all you want, but they actually do pretty nice stuff.

RedBearI'm sorry for Intel, but politicians just follow the crisis of the moment and right now because of inflation the chip crisis has been already forgotten. Pat should hope that China will follow Russia's example and invade Taiwan soon, then the CHIPS act will become a priority again.

I guess, all for the better since Intel doesn't really need the government subsidies anyway, they just want to offload the massive development costs to keep their nice high profit margins. It's sad that if Taiwan falls they will get their payday again because politicians are moorons.

DavenDue to greed and lazy planning, Intel pushes a new socket more than anyone else.

It's greed but it's not lazy planning at all, it's been the same constant 2 cpu per socket for years. There are some arguments about preventing consumer confusion with messy bios updates (which are stupid, whoever can't rtfm and handle a basic bios update shouldn't be messing with diy) but yeah, it's mostly greed - why support the old platform when they can just force everyone to buy new!?

trsttteHate on Intel all you want, but they actually do pretty nice stuff.

For the amount of money they make compared to everyone else, I wholeheartedly disagree.

I wonder if Intel is using this excuse as a way to delay their capex investment, given the incoming recession and potential overcapacity.

"The US Congress hasn't been able to agree on passing what is known as the CHIPS Act, which consists of some US$52 billion in subsidies for semiconductor manufacturers and it appears that Intel isn't very pleased."

Well it's hard to cry poor............when you're not.

phanbueyIt's what a lot of westerners fail to grasp -- the implementation will always lead to a tiny corrupt minority controlling and oppressing the masses in the name of 'good'. Always has, and always will.

Absolute power corrupts absolutely. It's always been the case that if you give someone a little bit of power, they'll always want more. To deny this is to deny human nature.

It's the same with money. It doesn't matter how much you have; you'll always want more.