|Intel's Rohler Acres Fab|
I don't know how many billions of dollars they have sunk into this plant,
but defintely more than one.
'New Albany' sounds like the name of a colony on another planet in a science fiction novel, or maybe that's just because I haven't had my first cup of coffee this morning. However, it is a small town just northeast of Columbus, Ohio. What about old Albany? I mean, if there is a new one, there should be an old one, right? That would be Scotland.
Back when I was in high school we lived on the orchard northeast of Columbus and driving to the big city took you through New Albany. Back then it was just a crossroads with maybe a gas station.
This morning I got an email from California Bob:
From Reuters News:
Intel Corp said on Friday it would invest up to $100 billion to build potentially the world's largest chip-making complex in Ohio, as it looks to boost capacity amid a global shortage of semiconductors used in everything from smartphones to cars.
I thought it was weird when Abercombie & Fitch built their headquarters there, but maybe they were onto something. Beaverton, Oregon is home to Tektronix, makers of electronic test equipment, so Intel was could be pretty sure there was a technologically competent workforce here. Columbus is the state capital. North American Aviation used to have a plant there. Ohio State University and Batelle are there, so sort of the same thing.
Ohio is part of the Rust Belt that has been in decline since 1980. I suspect the unions are not as strong as they used to be, which could make it more attractive to giant corporations.
Yet another breathless article repeating this tired old non-sequitur:
"Intel Corp said on Friday it would invest up to $100 billion to build potentially the world's largest chip-making complex in Ohio, as it looks to boost capacity amid a global shortage of semiconductors used in everything from smartphones to cars."
Intel does not make chips for cars. It used to, but some "big brain" decided that chips for cars were not profitable enough. But chips for cars are still being made by many other companies that use older, less advanced, technologies. Technologies that are perfectly suited for chips for cars. This new Intel factory in New Albany will never have any effect on the shortage of chips for cars. Not only will it not be online until 2025, but it will probably never produce chips for cars. So, Intel is not offering any near-term relief for the shortage of chips for cars.
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