Intel prepares for $100B spending spree across four US states
reuters.com
reuters.com
But besides all that... it's an investment spree, not a spending spree. They expect to make much more money off the back of those investments.
What's annoying about this spending spree (from the perspective of the gov) is that this is supposed to secure chips production in North America (motivated by the China threat on Taiwan), but the government doesn't really seem to care about delays as it forbids TSMC/Intel to bring external talent & include DEI clauses in their deals.
Ohio’s labor, land, and water are definitely cheaper. And it’s seismically stable.
I wonder if there is anything to do with ease of shipping there, either by rail or by Great Lakes + Erie Canal or St Lawrence river that make it ideal for Intel
How does this have anything to do with California economic prospects? Intel already has operations setup in most of those states for years/decades.
Someone correct me if I am wrong but I always had the impression that a lot of the labor required in these type of plants are technical blue collar work. You need a college degree, the pay is pretty good but most of it is advanced assembly line type of work. I suspect the labor pool in California is difficult.
LA and SF are too expensive both land and labor wise. The valley is all Ag. And SAC is ok but getting more expensive. Ignore other input costs I suspect labor is one of the drivers here since at the end of the day it is assembly line work.
You'd hope a newly designed plant would be more water efficient from the start.
But Ohio? Why another location?