Economy Jobs thread:10-25-07 Intel opens new Arizona 45 Nanometer plant, employs 1000

Page 9 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: ElFenix
Originally posted by: umbrella39
Employers cut 4,000 jobs in August, the first drop in four years, a stark sign that a painful credit crunch that has unnerved Wall Street is putting a strain on the national economy.

Text

and the first report was actually wrong

by 93,000 jobs. august increased by 89,000. september's initial report is an increase of 110,000 jobs.

The reports have been wrong since Bush II took ofice.
 
Oct 30, 2004
11,442
32
91
Originally posted by: ElFenix

and the first report was actually wrong by 93,000 jobs. august increased by 89,000. september's initial report is an increase of 110,000 jobs.

If the net is lower than about 150,000 jobs, then the nation lost jobs relative to population growth (explosion) since we need about 150,000 new jobs each month merely to keep pace with population growth. It's amazing how the media and our politicians always conveniently forget to mention of that.

Of course, even if our economy did generate the 150,000 new jobs each month that we need to keep up with population growth, there would still be the issue of whether those new jobs were poverty-wage jobs or solid middle class jobs. If the percentage of the jobs that are solid middle class jobs is lower than the percentage of working Americans who have middle class jobs, then it means that, for the month, the nation moved in the direction of becoming a third world country.
 

heyheybooboo

Diamond Member
Jun 29, 2007
6,278
0
0
Originally posted by: EagleKeeper
Originally posted by: dmcowen674
Originally posted by: heyheybooboo
Hey, yall . . .

I'm not real excited about BOA shipping jobs to India, but I think it's a little disingenuous to say "North Carolina based U.S. companies roll up and ship jobs overseas" when North Carolina has lost over 250,000 manufacturing jobs in the last 7 or so years . . .

Corrected for you.
So NC did not lose any jobs under Clinton?

No . . . only under BushI and BushII
:p

Actually goes back to the 80's when people modernized equipment and cut jobs. The huge losses started in the late 1990's after NAFTA sunk in - and China joined the WTO.

After NAFTA the far east scammed the system by exporting to Mexico -> then into the USA
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
10-24-2007 Bank of America lays off 3000

NEW YORK - Bank of America Corp, the second-largest U.S. bank, plans to lay off 3,000 people in its corporate and investment banking unit, including its chief.

The unit posted a 93 percent decline in earnings, which contributed to a larger-than-expected 32 percent drop in overall profit to $3.7 billion. Chief Executive Kenneth Lewis said he expected to scale back the unit.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
10-24-2007 Bank of America lays off 3000

NEW YORK - Bank of America Corp, the second-largest U.S. bank, plans to lay off 3,000 people in its corporate and investment banking unit, including its chief.

The unit posted a 93 percent decline in earnings, which contributed to a larger-than-expected 32 percent drop in overall profit to $3.7 billion. Chief Executive Kenneth Lewis said he expected to scale back the unit.

Good ole Dave, speaking about many things he has no idea about. BofA's forray into IB was relatively small. As a bond underwriter, the role I knew them as, they didn't do so hot. Their position on the league tables is very small, in all asset classes. As far as M&A and other honey pots of IB, they are essentially non-existant. Why would you go to a BOA when you could go to a Goldman, Morgan, or Merrill, even on the low-end of the spectrum with smaller companies.

This isn't a huge shock, especially since a lot of their IB revenues came from internal sources, CDO and CLO origination, and other areas involving housing, not just their position in the market. All areas of the RMBS world are shedding jobs, since the volume has dropped precipitously. However, that does not, by any means, indicate a recession.

Really Dave, get a fricking clue.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: LegendKiller
Originally posted by: dmcowen674
10-24-2007 Bank of America lays off 3000

NEW YORK - Bank of America Corp, the second-largest U.S. bank, plans to lay off 3,000 people in its corporate and investment banking unit, including its chief.

The unit posted a 93 percent decline in earnings, which contributed to a larger-than-expected 32 percent drop in overall profit to $3.7 billion. Chief Executive Kenneth Lewis said he expected to scale back the unit.

Good ole Dave, speaking about many things he has no idea about. BofA's forray into IB was relatively small. As a bond underwriter, the role I knew them as, they didn't do so hot. Their position on the league tables is very small, in all asset classes. As far as M&A and other honey pots of IB, they are essentially non-existant.

Why would you go to a BOA when you could go to a Goldman, Morgan, or Merrill, even on the low-end of the spectrum with smaller companies.

This isn't a huge shock, especially since a lot of their IB revenues came from internal sources, CDO and CLO origination, and other areas involving housing, not just their position in the market. All areas of the RMBS world are shedding jobs, since the volume has dropped precipitously. However, that does not, by any means, indicate a recession.

Really Dave, get a fricking clue.

You mean this Merrill Lynch doing so wonderfully?

10-24-2007 Merrill Lynch write-downs total $7.9 billion

NEW YORK - Merrill Lynch & Co Inc on Wednesday reported its first loss in six years as a publicly traded company after writing down $7.9 billion for bad bets on risky subprime mortgages and related securities.

Merrill Lynch's third-quarter net loss was $2.3 billion, compared with a profit of $3 billion a year earlier.

"There's not much to like about this performance," Credit Suisse analyst Susan Roth Katzke said in a research note.

More write-downs could be coming if the world's largest brokerage further cuts the value on its remaining $20.9 billion exposure to collateralized loan obligations and subprime mortgages.

"This is a bloodbath for certain. It speaks very poorly to Merrill's risk management practices," said Bill Fitzpatrick, an analyst at JohnsonFamily Funds in Racine, Wisconsin, which invests $1.8 billion but does not own Merrill shares.

"Clearly, heads are going to roll, and I wouldn't be surprised to see meaningful near-term layoffs," he said.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Originally posted by: LegendKiller
Originally posted by: dmcowen674
10-24-2007 Bank of America lays off 3000

NEW YORK - Bank of America Corp, the second-largest U.S. bank, plans to lay off 3,000 people in its corporate and investment banking unit, including its chief.

The unit posted a 93 percent decline in earnings, which contributed to a larger-than-expected 32 percent drop in overall profit to $3.7 billion. Chief Executive Kenneth Lewis said he expected to scale back the unit.

Good ole Dave, speaking about many things he has no idea about. BofA's forray into IB was relatively small. As a bond underwriter, the role I knew them as, they didn't do so hot. Their position on the league tables is very small, in all asset classes. As far as M&A and other honey pots of IB, they are essentially non-existant.

Why would you go to a BOA when you could go to a Goldman, Morgan, or Merrill, even on the low-end of the spectrum with smaller companies.

This isn't a huge shock, especially since a lot of their IB revenues came from internal sources, CDO and CLO origination, and other areas involving housing, not just their position in the market. All areas of the RMBS world are shedding jobs, since the volume has dropped precipitously. However, that does not, by any means, indicate a recession.

Really Dave, get a fricking clue.

You mean this Merrill Lynch doing so wonderfully?

10-24-2007 Merrill Lynch write-downs total $7.9 billion

NEW YORK - Merrill Lynch & Co Inc on Wednesday reported its first loss in six years as a publicly traded company after writing down $7.9 billion for bad bets on risky subprime mortgages and related securities.

Merrill Lynch's third-quarter net loss was $2.3 billion, compared with a profit of $3 billion a year earlier.

"There's not much to like about this performance," Credit Suisse analyst Susan Roth Katzke said in a research note.

More write-downs could be coming if the world's largest brokerage further cuts the value on its remaining $20.9 billion exposure to collateralized loan obligations and subprime mortgages.

"This is a bloodbath for certain. It speaks very poorly to Merrill's risk management practices," said Bill Fitzpatrick, an analyst at JohnsonFamily Funds in Racine, Wisconsin, which invests $1.8 billion but does not own Merrill shares.

"Clearly, heads are going to roll, and I wouldn't be surprised to see meaningful near-term layoffs," he said.

How much did they make over the last 5 years from that 20bn in exposure?

You seem to think recessions key off of stuff like this. Sorry, but you are sorely mistaken.
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
Originally posted by: dmcowen674
Originally posted by: ElFenix
Originally posted by: umbrella39
Employers cut 4,000 jobs in August, the first drop in four years, a stark sign that a painful credit crunch that has unnerved Wall Street is putting a strain on the national economy.

Text

and the first report was actually wrong

by 93,000 jobs. august increased by 89,000. september's initial report is an increase of 110,000 jobs.

The reports have been wrong since Bush II took ofice.

Where's your proof, tool? Oh thats right. Everyone but you is required to providee proof of allegations.
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
Originally posted by: LegendKiller
Originally posted by: dmcowen674
Originally posted by: LegendKiller
Originally posted by: dmcowen674
10-24-2007 Bank of America lays off 3000

NEW YORK - Bank of America Corp, the second-largest U.S. bank, plans to lay off 3,000 people in its corporate and investment banking unit, including its chief.

The unit posted a 93 percent decline in earnings, which contributed to a larger-than-expected 32 percent drop in overall profit to $3.7 billion. Chief Executive Kenneth Lewis said he expected to scale back the unit.

Good ole Dave, speaking about many things he has no idea about. BofA's forray into IB was relatively small. As a bond underwriter, the role I knew them as, they didn't do so hot. Their position on the league tables is very small, in all asset classes. As far as M&A and other honey pots of IB, they are essentially non-existant.

Why would you go to a BOA when you could go to a Goldman, Morgan, or Merrill, even on the low-end of the spectrum with smaller companies.

This isn't a huge shock, especially since a lot of their IB revenues came from internal sources, CDO and CLO origination, and other areas involving housing, not just their position in the market. All areas of the RMBS world are shedding jobs, since the volume has dropped precipitously. However, that does not, by any means, indicate a recession.

Really Dave, get a fricking clue.

You mean this Merrill Lynch doing so wonderfully?

10-24-2007 Merrill Lynch write-downs total $7.9 billion

NEW YORK - Merrill Lynch & Co Inc on Wednesday reported its first loss in six years as a publicly traded company after writing down $7.9 billion for bad bets on risky subprime mortgages and related securities.

Merrill Lynch's third-quarter net loss was $2.3 billion, compared with a profit of $3 billion a year earlier.

"There's not much to like about this performance," Credit Suisse analyst Susan Roth Katzke said in a research note.

More write-downs could be coming if the world's largest brokerage further cuts the value on its remaining $20.9 billion exposure to collateralized loan obligations and subprime mortgages.

"This is a bloodbath for certain. It speaks very poorly to Merrill's risk management practices," said Bill Fitzpatrick, an analyst at JohnsonFamily Funds in Racine, Wisconsin, which invests $1.8 billion but does not own Merrill shares.

"Clearly, heads are going to roll, and I wouldn't be surprised to see meaningful near-term layoffs," he said.

How much did they make over the last 5 years from that 20bn in exposure?

You seem to think recessions key off of stuff like this. Sorry, but you are sorely mistaken.

Come on LK...you know Dave uses "Dave Economics" when he talks about econ. I think its so funny when he rants about the government's skewing of data and numbers and he does the same thing LOL

Such a tool.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: blackangst1
Come on LK...you know Dave uses "Dave Economics" when he talks about econ. I think its so funny when he rants about the government's skewing of data and numbers and he does the same thing LOL

Such a tool.

Pretty obvious you guys are in the two thirds not affected yet and have your heads in the sand:

10-25-2007 One third of Americans say under extreme stress about work and money

Worries about work and money are causing one-third of Americans to suffer from extreme stress, driving them to overeat, drink, and smoke.

In an online survey for the American Psychological Association (APA) nearly half of the 1,848 people questioned believe their stress levels have shot up in the past five years, taking a toll on their personal relationships, work productivity and health.

Low salaries, too much work and a lack of opportunity were the main reasons for stress at work.
===================================================
How can it be "low salaries"?

The resident Republicans constantly claim wages are rising for the low classes.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Interesting that Intel built a new plant here instead of abroad.

I'm glad to see.

Anyone know why they did this?

Did American wages drop low enough?

10-25-2007 Intel opening new chip plant in Arizona

In the latest display of its manufacturing might, Intel Corp. is opening a new $3 billion factory in Arizona, widening its lead over rival Advanced Micro Devices Inc. in the industry's switch to a new chip-making technique.

The new facility in Chandler, Ariz., will be Intel's first plant dedicated to churning out microprocessors ? the brains of personal computers and servers ? whose parts measure an average of just 45 nanometers, or 45 billionths of a meter.

Intel's new 1-million-square-foot factory, with more than 1,000 workers, is so big more than 17 football fields could fit inside it.

Its products will go on sale Nov. 12.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Originally posted by: blackangst1
Come on LK...you know Dave uses "Dave Economics" when he talks about econ. I think its so funny when he rants about the government's skewing of data and numbers and he does the same thing LOL

Such a tool.

Pretty obvious you guys are in the two thirds not affected yet and have your heads in the sand:

10-25-2007 One third of Americans say under extreme stress about work and money

Worries about work and money are causing one-third of Americans to suffer from extreme stress, driving them to overeat, drink, and smoke.

In an online survey for the American Psychological Association (APA) nearly half of the 1,848 people questioned believe their stress levels have shot up in the past five years, taking a toll on their personal relationships, work productivity and health.

Low salaries, too much work and a lack of opportunity were the main reasons for stress at work.
===================================================
How can it be "low salaries"?

The resident Republicans constantly claim wages are rising for the low classes.

lol. An online survey, how nice. Did they track the same cohort of people, or was it just self-reporting? Is that even scientific?

What was the average age? Were many of these people much younger/carefree 5 years ago but are now married and have kids, a mortgage, and are under more stress, like every other person in life? What about smoking? Only approx. 20% of people smoke, does that mean that they cause more stress by smoking, or the reverse? People don't just smoke because they are stressed, its a pre-condition.

Low salaries? Who doesn't complain about a low salary? Everybody wants more. Stress at work? Wow! Imagine that, you're accountable for something and you're stressed! Golly, we'd all like to live a life of no work stress but high pay.

More dave sillyness.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: LegendKiller
Originally posted by: dmcowen674
Originally posted by: blackangst1
Come on LK...you know Dave uses "Dave Economics" when he talks about econ. I think its so funny when he rants about the government's skewing of data and numbers and he does the same thing LOL

Such a tool.

Pretty obvious you guys are in the two thirds not affected yet and have your heads in the sand:

10-25-2007 One third of Americans say under extreme stress about work and money

Worries about work and money are causing one-third of Americans to suffer from extreme stress, driving them to overeat, drink, and smoke.

In an online survey for the American Psychological Association (APA) nearly half of the 1,848 people questioned believe their stress levels have shot up in the past five years, taking a toll on their personal relationships, work productivity and health.

Low salaries, too much work and a lack of opportunity were the main reasons for stress at work.
===================================================
How can it be "low salaries"?

The resident Republicans constantly claim wages are rising for the low classes.

lol. An online survey, how nice. Did they track the same cohort of people, or was it just self-reporting? Is that even scientific?

What was the average age? Were many of these people much younger/carefree 5 years ago but are now married and have kids, a mortgage, and are under more stress, like every other person in life? What about smoking? Only approx. 20% of people smoke, does that mean that they cause more stress by smoking, or the reverse? People don't just smoke because they are stressed, its a pre-condition.

Low salaries? Who doesn't complain about a low salary? Everybody wants more. Stress at work? Wow! Imagine that, you're accountable for something and you're stressed! Golly, we'd all like to live a life of no work stress but high pay.

More dave sillyness.

Big surprise more Apologist. :roll:

Based on my personal observation it is mainly the lower working class that smokes.

Yes, there are plenty of higher uppers that smoke but no where near as much as the lower classes. They also tend to drink a lot more too.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Originally posted by: LegendKiller
Originally posted by: dmcowen674
Originally posted by: blackangst1
Come on LK...you know Dave uses "Dave Economics" when he talks about econ. I think its so funny when he rants about the government's skewing of data and numbers and he does the same thing LOL

Such a tool.

Pretty obvious you guys are in the two thirds not affected yet and have your heads in the sand:

10-25-2007 One third of Americans say under extreme stress about work and money

Worries about work and money are causing one-third of Americans to suffer from extreme stress, driving them to overeat, drink, and smoke.

In an online survey for the American Psychological Association (APA) nearly half of the 1,848 people questioned believe their stress levels have shot up in the past five years, taking a toll on their personal relationships, work productivity and health.

Low salaries, too much work and a lack of opportunity were the main reasons for stress at work.
===================================================
How can it be "low salaries"?

The resident Republicans constantly claim wages are rising for the low classes.

lol. An online survey, how nice. Did they track the same cohort of people, or was it just self-reporting? Is that even scientific?

What was the average age? Were many of these people much younger/carefree 5 years ago but are now married and have kids, a mortgage, and are under more stress, like every other person in life? What about smoking? Only approx. 20% of people smoke, does that mean that they cause more stress by smoking, or the reverse? People don't just smoke because they are stressed, its a pre-condition.

Low salaries? Who doesn't complain about a low salary? Everybody wants more. Stress at work? Wow! Imagine that, you're accountable for something and you're stressed! Golly, we'd all like to live a life of no work stress but high pay.

More dave sillyness.

Big surprise more Apologist. :roll:

Based on my personal observation it is mainly the lower working class that smokes.

Yes, there are plenty of higher uppers that smoke but no where near as much as the lower classes. They also tend to drink a lot more too.


Figures, somebody who knows nothing about psychology, statisitcs, or sampling, posting something like this. When I rebut, you waffle.

The people who are aiming higher know that smoking reduces your health, eliminates the time you have to make money. If they want to consign themselves to a short lifespan, limited resources, and smoking away money, that's not my problem.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: LegendKiller
Originally posted by: dmcowen674

lol. An online survey, how nice. Did they track the same cohort of people, or was it just self-reporting? Is that even scientific?

What was the average age? Were many of these people much younger/carefree 5 years ago but are now married and have kids, a mortgage, and are under more stress, like every other person in life? What about smoking? Only approx. 20% of people smoke, does that mean that they cause more stress by smoking, or the reverse? People don't just smoke because they are stressed, its a pre-condition.

Low salaries? Who doesn't complain about a low salary? Everybody wants more. Stress at work? Wow! Imagine that, you're accountable for something and you're stressed! Golly, we'd all like to live a life of no work stress but high pay.

More dave sillyness.

Big surprise more Apologist. :roll:

Based on my personal observation it is mainly the lower working class that smokes.

Yes, there are plenty of higher uppers that smoke but no where near as much as the lower classes. They also tend to drink a lot more too.


Figures, somebody who knows nothing about psychology, statisitcs, or sampling, posting something like this. When I rebut, you waffle.

The people who are aiming higher know that smoking reduces your health, eliminates the time you have to make money. If they want to consign themselves to a short lifespan, limited resources, and smoking away money, that's not my problem.
[/quote]

You got one thing right. It is none of your business.

Just tax the crap out of their sin tax and do not spend public money on helping them when they get sick.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Originally posted by: LegendKiller
Originally posted by: dmcowen674

lol. An online survey, how nice. Did they track the same cohort of people, or was it just self-reporting? Is that even scientific?

What was the average age? Were many of these people much younger/carefree 5 years ago but are now married and have kids, a mortgage, and are under more stress, like every other person in life? What about smoking? Only approx. 20% of people smoke, does that mean that they cause more stress by smoking, or the reverse? People don't just smoke because they are stressed, its a pre-condition.

Low salaries? Who doesn't complain about a low salary? Everybody wants more. Stress at work? Wow! Imagine that, you're accountable for something and you're stressed! Golly, we'd all like to live a life of no work stress but high pay.

More dave sillyness.

Big surprise more Apologist. :roll:

Based on my personal observation it is mainly the lower working class that smokes.

Yes, there are plenty of higher uppers that smoke but no where near as much as the lower classes. They also tend to drink a lot more too.


Figures, somebody who knows nothing about psychology, statisitcs, or sampling, posting something like this. When I rebut, you waffle.

The people who are aiming higher know that smoking reduces your health, eliminates the time you have to make money. If they want to consign themselves to a short lifespan, limited resources, and smoking away money, that's not my problem.

You got one thing right. It is none of your business.

Just tax the crap out of their sin tax and do not spend public money on helping them when they get sick.[/quote]

Because I should pay for their stupidity? Screw that. They make a concious decision to destroy themselves and get cancer. If they want public support, which Medicare gives them, then they pay for it through their "sin tax".
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: LegendKiller

Because I should pay for their stupidity? Screw that. They make a concious decision to destroy themselves and get cancer. If they want public support, which Medicare gives them, then they pay for it through their "sin tax".

That's what I said.

Only thing we disagree on is that you feel what they do on their own time is your business.
 

bamacre

Lifer
Jul 1, 2004
21,029
2
61
Originally posted by: dmcowen674
Interesting that Intel built a new plant here instead of abroad.

I'm glad to see.

Anyone know why they did this?

Did American wages drop low enough?

10-25-2007 Intel opening new chip plant in Arizona

In the latest display of its manufacturing might, Intel Corp. is opening a new $3 billion factory in Arizona, widening its lead over rival Advanced Micro Devices Inc. in the industry's switch to a new chip-making technique.

The new facility in Chandler, Ariz., will be Intel's first plant dedicated to churning out microprocessors ? the brains of personal computers and servers ? whose parts measure an average of just 45 nanometers, or 45 billionths of a meter.

Intel's new 1-million-square-foot factory, with more than 1,000 workers, is so big more than 17 football fields could fit inside it.

Its products will go on sale Nov. 12.

:thumbsup: :thumbsup: for Intel.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Originally posted by: LegendKiller

Because I should pay for their stupidity? Screw that. They make a concious decision to destroy themselves and get cancer. If they want public support, which Medicare gives them, then they pay for it through their "sin tax".

That's what I said.

Only thing we disagree on is that you feel what they do on their own time is your business.

They are a social burden, what they do is my business. If it were up to me I'd take the year's average of smoking related medical costs, divide that cost by the average number of cigarettes sold in the last 12 months on a rolling basis, and take each cigarette dynamically by the amount of money they cost society. The cost shouldn't flow anywhere else, no increased insurance premiums or anything.

That way, you're paying for your own medical costs. People could say that this could be done for anything and is a slippery slope, but this is the one area where we *know* it will cost money, one way or another.

If that cost comes down to $5 per cigarette, then good, you pay it.

There are social burdens I am willing to bear, such as public education, or general health and wellbeing. However, smoking is one thing I will never support.
 

Pabster

Lifer
Apr 15, 2001
16,986
1
0
Originally posted by: LegendKiller
That way, you're paying for your own medical costs. People could say that this could be done for anything and is a slippery slope, but this is the one area where we *know* it will cost money, one way or another.

If that cost comes down to $5 per cigarette, then good, you pay it.

I don't necessarily disagree with the premise, but it is a slippery slope. Smoking costs a lot in health dollars - no question there - but so do a lot of other choices people make.

There are social burdens I am willing to bear, such as public education, or general health and wellbeing. However, smoking is one thing I will never support.

Unfortunately, if we allowed everyone to choose which social burdens they could fund, the system would collapse.
 

EagleKeeper

Discussion Club Moderator<br>Elite Member
Staff member
Oct 30, 2000
42,589
5
0
Originally posted by: dmcowen674
Interesting that Intel built a new plant here instead of abroad.

I'm glad to see.

Anyone know why they did this?

Did American wages drop low enough?

10-25-2007 Intel opening new chip plant in Arizona

In the latest display of its manufacturing might, Intel Corp. is opening a new $3 billion factory in Arizona, widening its lead over rival Advanced Micro Devices Inc. in the industry's switch to a new chip-making technique.

The new facility in Chandler, Ariz., will be Intel's first plant dedicated to churning out microprocessors ? the brains of personal computers and servers ? whose parts measure an average of just 45 nanometers, or 45 billionths of a meter.

Intel's new 1-million-square-foot factory, with more than 1,000 workers, is so big more than 17 football fields could fit inside it.

Its products will go on sale Nov. 12.

But Intel is a corporation that makes excessive profits. That is not allowed under your solcialist utopia.

They should not have any profit to build a new plant and expand the workforce.

 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: EagleKeeper
Originally posted by: dmcowen674
Interesting that Intel built a new plant here instead of abroad.

I'm glad to see.

Anyone know why they did this?

Did American wages drop low enough?

10-25-2007 Intel opening new chip plant in Arizona

In the latest display of its manufacturing might, Intel Corp. is opening a new $3 billion factory in Arizona, widening its lead over rival Advanced Micro Devices Inc. in the industry's switch to a new chip-making technique.

The new facility in Chandler, Ariz., will be Intel's first plant dedicated to churning out microprocessors ? the brains of personal computers and servers ? whose parts measure an average of just 45 nanometers, or 45 billionths of a meter.

Intel's new 1-million-square-foot factory, with more than 1,000 workers, is so big more than 17 football fields could fit inside it.

Its products will go on sale Nov. 12.

But Intel is a corporation that makes excessive profits. That is not allowed under your solcialist utopia.

They should not have any profit to build a new plant and expand the workforce.

Actually if it wasn't for AMD this in fact would be the case.
 

fleshconsumed

Diamond Member
Feb 21, 2002
6,485
2,363
136
Originally posted by: bamacre
Originally posted by: dmcowen674
Interesting that Intel built a new plant here instead of abroad.

I'm glad to see.

Anyone know why they did this?

Did American wages drop low enough?

10-25-2007 Intel opening new chip plant in Arizona

In the latest display of its manufacturing might, Intel Corp. is opening a new $3 billion factory in Arizona, widening its lead over rival Advanced Micro Devices Inc. in the industry's switch to a new chip-making technique.

The new facility in Chandler, Ariz., will be Intel's first plant dedicated to churning out microprocessors ? the brains of personal computers and servers ? whose parts measure an average of just 45 nanometers, or 45 billionths of a meter.

Intel's new 1-million-square-foot factory, with more than 1,000 workers, is so big more than 17 football fields could fit inside it.

Its products will go on sale Nov. 12.

:thumbsup: :thumbsup: for Intel.

Didn't they just fire 3000 people? So the net is still 2000 lost jobs.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: fleshconsumed
Originally posted by: bamacre
Originally posted by: dmcowen674
Interesting that Intel built a new plant here instead of abroad.

I'm glad to see.

Anyone know why they did this?

Did American wages drop low enough?

10-25-2007 Intel opening new chip plant in Arizona

In the latest display of its manufacturing might, Intel Corp. is opening a new $3 billion factory in Arizona, widening its lead over rival Advanced Micro Devices Inc. in the industry's switch to a new chip-making technique.

The new facility in Chandler, Ariz., will be Intel's first plant dedicated to churning out microprocessors ? the brains of personal computers and servers ? whose parts measure an average of just 45 nanometers, or 45 billionths of a meter.

Intel's new 1-million-square-foot factory, with more than 1,000 workers, is so big more than 17 football fields could fit inside it.

Its products will go on sale Nov. 12.

:thumbsup: :thumbsup: for Intel.

Didn't they just fire 3000 people? So the net is still 2000 lost jobs.

That's good question.

I don't recall if Intel had a mass layoff like that off the top of my head.

Would have to search for that.

There are so many mass layoff announcements especially in the U.S.

It is rare to see a hiring of a 1,000 like this so of course I posted it.