Intel announces a $7 Billion investment into Foundry 42

[WYP]

Intel announces a $7 Billion investment into Foundry 42, a new foundry which will be based in Arizona which will specialise in 7nm manufacturing.



Read more on Intel's new 7nm foundry plans.

 

[NeverBackDown]

They also chose to build it there because the US administration is trying to bring businesses(therefore jobs) back by lowering Corporate taxes and simplyfing regulations. So it's not an entirely wasted operation to continue building it.

Good for Intel on doing this, however seems it's a little late? It must already be so far along it'll be producing chips soon.

 

[Dawelio]

Lol, trying to look good by giving 3000 people jobs, when they have laid off 12000 since 2016.

 

[NeverBackDown]

Lol, trying to look good by giving 3000 people jobs, when they have laid off 12000 since 2016.

That is a good thing. More people having jobs is never bad, these are high paying jobs too. And considering they are in a great location with many top level Computer Science/Engineering Universities, it's a great way to recruit top level talent. I see this as a great thing. US has a problem with this.
Most of there layoffs have come from there GPU staff because they are clearly outclassed. Mine as well focus on your strong point. Which is CPUs