News Intel Haifa Development Center Cancelled, Site To Be Parking Lot

[Admin]

Though Intel’s IDC21 plans in Haifa have been cancelled, the firm is currently shielding employees by restricting cost cutting to real estate.

Intel Haifa Development Center Cancelled, Site To Be Parking Lot : Read more

 

[PlaneInTheSky]

It makes no sense to have chip factories in Israel. They can't offer the subsidies other trading blocks can. With chips getting more and more expensive to make, chip companies are looking for billions in state subsidies, which Israel can not offer.

 

[InvalidError]

It makes no sense to have chip factories in Israel. They can't offer the subsidies other trading blocks can. With chips getting more and more expensive to make, chip companies are looking for billions in state subsidies, which Israel can not offer.

A design center is not a fab. Most of it is office and lab space for R&D. AMD doesn't need office space at TSMC's fabs to design chips and write drivers either.

 

[Senile Otaku]

It makes no sense to have chip factories in Israel. They can't offer the subsidies other trading blocks can. With chips getting more and more expensive to make, chip companies are looking for billions in state subsidies, which Israel can not offer.

Sorry, but if a company can't manage to survive without being subsidized from the taxpayer's wallet, then they have no business being IN business.

 

[kjfatl]

Sorry, but if a company can't manage to survive without being subsidized from the taxpayer's wallet, then they have no business being IN business.

If we follow you logic, China can subsidize it's chip business for 15 years, selling every part at a loss. At the end of 15 years, shortly after Intel, Nvidia, TI, Global Foundries, TSMC and Samsung go out of business we will have no choice other than buy all of our semiconductors from China. This is the Chinese business/military model. Pick a business to conquer. Sell product at a loss until there is no remaining competition, raise prices and enjoy the profit. The only thing that is keeping this from happening is government subsidies in the form of direct subsidies, import restrictions or tariffs.

 

[husker]

Intel is taking corporate doublespeak to a new level with their statement:
"Intel is acting to maximize the usage of its real estate with the aim of creating a dynamic and comfortable work environment for its employees, while cutting costs."

Translation: Here's a parking lot instead. You're welcome. Now go enjoy your new dynamic and comfortable work environment.

 

[Metteec]

From the amount of work already put into that building, this appears to be a significant write down. I wonder if it is Intel or Tel Aviv that will end up footing the bill?

 

[Deleted member 14196]

Interesting. Wish I could know the real deets

would have probably been a great design lab

 

[rluker5]

From the amount of work already put into that building, this appears to be a significant write down. I wonder if it is Intel or Tel Aviv that will end up footing the bill?

How much work has been done? Don't leave us hanging.

 

[kep55]

It makes no sense to have chip factories in Israel. They can't offer the subsidies other trading blocks can. With chips getting more and more expensive to make, chip companies are looking for billions in state subsidies, which Israel can not offer.

Intel is throwing off over four hundred million in cash every week. The need subsidies as much as a submarine needs screen windows. Tax subsidies for 99% of all businesses is just a money grab the only benefits wall street and not main street. This is based on my twenty plus years of reviewing tax incentive programs.

 

[Endymio]

IDC21 was supposed to be built in the Matam Technology Park in Haifa, in the south of Israel ...

Err, Haifa isn't in the south of Israel. It's in the north, along the coast.

Intel is throwing off over four hundred million in cash every week. The [sic] need subsidies as much as a submarine needs screen windows

Which means it would take roughly 125 weeks of 100% of that profit to finance a $50B next-gen fab. And that of course assumes Intel will be as profitable this year as they were last .... which of course they won't be.

 

[bit_user]

So, do we have any idea what Apple is doing there? Are they looking to poach some chip designers from Intel, perhaps?