Intel Gets Green Light for $4 Billion Irish Chip Plant

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jezzjc

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[citation][nom]wintermint[/nom]Be nice if we stop outsourcing to different country to save money. The US economy would have benefit from this[/citation]

Because f*ck other countries economies...
 

omnimodis78

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[citation][nom]wintermint[/nom]Be nice if we stop outsourcing to different country to save money. The US economy would have benefit from this[/citation]
Wrong! It's time to stop outsource to countries where labour is at slave-wage levels (China, Mexico, India, etc.), but "outsourcing" to Europe is a very good thing overall. It's a very precisely understood situation in macroeconomics. Things start getting really bad (for us, the West) when we have to start competing for jobs that we wouldn't do for less than, say, $15/hr with people in (example) China where same job pays $2/hr.

BTW nice that you edited your original comment haha - now mine doesn't quite make sense...but it did before you edited yours.
 

A Bad Day

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[citation][nom]wintermint[/nom]Be nice if we stop outsourcing to different country to save money. The US economy would have benefit from this[/citation]

Maybe the Irish has more and better engineers than we do...

Minus the drinking of course.
 

Shin-san

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[citation][nom]wintermint[/nom]Be nice if we stop outsourcing to different country to save money. The US economy would have benefit from this[/citation]Intel is making a plant in New York, along with a lot of other companies.
 

jkflipflop98

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[citation][nom]house70[/nom]While Samsung opens up fabs in Texas... Go figure.[/citation]

Texas is unwilling to give Intel any sort of tax break at all. Intel actually purchased a HUGE chunk of real estate in Texas and was going to build the research and development facilities there until Texas said the company couldn't have any tax breaks at all.

Then we built Ronler Acres in Oregon and the rest is history. Texas screwed themselves out of nearly a billion dollars in tax revenue annually.
 
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So long as we put a nice tariff on those chips being sold back to the United States, they can build the plant where they want. If they want US dollars to buy them, then they should pay the piper.
 
[citation][nom]jkflipflop98[/nom]Texas is unwilling to give Intel any sort of tax break at all. Intel actually purchased a HUGE chunk of real estate in Texas and was going to build the research and development facilities there until Texas said the company couldn't have any tax breaks at all.Then we built Ronler Acres in Oregon and the rest is history. Texas screwed themselves out of nearly a billion dollars in tax revenue annually.[/citation]

A company of that size deserves no more tax breaks then they actually get.
Im not sure how somehow a for profit company expects tax payers to give insentives
 

jkflipflop98

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[citation][nom]spentshells[/nom]A company of that size deserves no more tax breaks then they actually get.Im not sure how somehow a for profit company expects tax payers to give insentives[/citation]

That's a really smart stance. Better to have nothing at all than to let a company pay 900 million instead of a billion. Brilliant.
 

oxiide

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[citation][nom]wintermint[/nom]Be nice if we stop outsourcing to different country to save money. The US economy would have benefit from this[/citation]
Much of America's economic problems are tied to Europe's economic problems and aside from stuff like this, there's absolutely nothing we can do about it. Jobs in Europe are good for us, too. Besides, I don't know how closely you follow this, but Ireland is one of the worst-hit European nations (~15% unemployment)—much worse off than we are here in the US.
 

hakesterman

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Be nice if we stop outsourcing to different country to save money. The US economy would have benefit from this :

Correct me if i'm wrong but i don't believe their has been a CPU plant in the U.S. in over 20 years. The cost of a chip made here would be over a thousand dollars for the lowest grade chip.
 

invlem

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[citation][nom]wintermint[/nom]Be nice if we stop outsourcing to different country to save money. The US economy would have benefit from this[/citation]

I'd rather see Ireland than china...
 
Thing is if you have lower corporate tax and good infrastructure, more companies will be willing to move in and invest, and simply because there are more companies around generating tax revenue can more than make up for revenue lost by not having a higher corporate tax rate
 
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