End of an era: Intel looks to offshore US chip manufacturing (Congress, leader)

[Winterfall8324]

https://www.bloomberg.com/news/artic...?sref=ZvMMMOkz

We were once dominant in semiconductor industry, Intel was the last holdout, now they are gone.

Tax credits won't fix anything, when you allow private equity to liquidize your country's technical and industrial capacity while focusing on consumer end margins, you leave yourself with no choice but to empty out all production and rely on service sector buffoonery to centralize enough capital to keep consumer spending inflated.

We are done and gone.

[uggabugga]

that really sucks.

Swan said on Friday that Intel’s products are still the best, despite the manufacturing delays. But by opening the door to outsourcing, the CEO endangers one of the last bastions of U.S. technology leadership.

“By outsourcing leading edge technology, presumably to TSMC, Intel would give up what has been its main source of competitive advantage for 50 years,” Caso of Raymond James said.

[ATX Wahine]

Tut tut. There’s still an amazing US company called AMD that is building awesome products. Do not fret.

[LS Jaun]

Letting other countries that don't have our best interest at heart is a mistake, and should not have Favored Nation Status.

[ottomobeale]

We allow the hyper rich to reap without sowing. Then we allow them to redefine what their income is with special tax rates and use the money to buy congress to make sure the rules stay in place.

Congrats I guess.

[TylerJAX]

They're probably looking for tax breaks or government contracts.

[bu2]

Short sighted push for higher Return on Investment. If someone else owns the plants and you just license the designs, you look better to Wall Street.

But you are giving up your competitive advantages and are at the mercy of your manufacturer.

Its one thing to outsource components. Its something else to outsource your whole product.

Common thinking by CEOs these days.

[DannyHobkins]

Its all about looking always looking better for those quarterly numbers.

Trump at one point was referencing he wanted a wallstreet reform which would move reporting financial to bi-annual and also doing other reforms like killing off parts of Sox.

[crone]

Originally Posted by ottomobeale

We allow the hyper rich to reap without sowing. Then we allow them to redefine what their income is with special tax rates and use the money to buy congress to make sure the rules stay in place.

Congrats I guess.

[Groundstar]

Originally Posted by LS Jaun

Letting other countries that don't have our best interest at heart is a mistake, and should not have Favored Nation Status.

There's a big place in Taiwan's heart for the U.S.