Tag: Intel

Biden in Ohio: ‘Bury’ the ‘Rust Belt’

Bradley Vasoli

Speaking on Friday at the groundbreaking of Intel’s new semiconductor factory in Licking County, Ohio, President Joe Biden said that “it’s time to bury the label ‘rust belt…’” when describing the region in which he stood.

The ‘rust belt’ is a term often used to denote an area extending from western New York through the midwest that saw heavy industrial activity from the late 19th century to the mid-20th century, particularly concerning steel production and automobile manufacturing. The region suffered significant economic decline by the late 20th century and many communities therein have struggled since.

Read More

Questions Remain About Government Incentives as Intel Breaks Ground in Ohio

The Center Square

Although dirt began moving weeks ago at Intel’s massive $20 billion chip manufacturing site in central Ohio, local, state and federal officials, along with President Biden, praised Intel’s decision and the government incentives offered to lure the chip giant at a groundbreaking ceremony Friday.

Read More

Policy Group Questions Incentive Packages for Ohio’s Intel Plant

The Center Square

When President Biden signed the CHIPS Act into law Tuesday, it most likely meant a third round of government incentives for Intel and it’s planned $20 billion semiconductor plant in central Ohio, leaving some concerned with the amount of taxpayer money being funneled to the company.

The signing opened $52 billion to companies producing semiconductor chips and another $10 billion to create regional technology hubs across the country. That’s on top of at least $2 billion in initial state incentives for Intel, and an unknown second round of state money.

Read More

Ohio Attorney General Dave Yost Calls on Congress to Pass Microchip Production Legislation

Cooper Moran

Ohio Attorney General Dave Yost, joined by a bipartisan group of his counterparts in other states, urged action from Congressional leaders on legislation to encourage the production of microchips.

Because of the technological reliance on the product, Yost argued that microchips should become a national priority in order to reduce foreign reliance.

Read More

Sen. Blumenthal’s Family Splurged on Intel Stock Before He Voted for a Massive Subsidy Bill

Admin

Democratic Connecticut Sen. Richard Blumenthal disclosed in early March that an investment fund managed by his wife’s family purchased between $250,000 and $500,000 worth of Intel stock. A little over three weeks later, he voted for legislation handing billions in subsidies to semiconductor manufacturers that could benefit Intel.

The senator’s actions seem to indicate a conflict of interest, congressional watchdogs told The Daily Caller News Foundation. Blumenthal’s financial interests appear intertwined with companies he oversees, they said.

Read More

Ohio Gubernatorial Candidate Jim Renacci Knocks Biden’s Discussion of Intel in State of the Union Speech

Cooper Moran

Jim Renacci, a former congressman and candidate running for Ohio governor, knocked President Joe Biden over his discussion of Intel during his State of the Union address.

In the address, Biden connected future investments made by the company to legislation that would increase funding for semiconductor manufacturing.

Read More

Commentary: Don’t Watch the 2022 Beijing Winter Olympics

Admin

In December, the United States, United Kingdom and Australia all announced diplomatic boycotts against the 2022 Beijing Winter Olympics, and since then, several other nations around the world have joined the boycott.

A diplomatic boycott means that government officials from those nations will not attend the Olympic Games. This sent an important message to the citizens of those countries that attending the games even as spectators is immoral and at odds with the spirit of their own nation.

The Chinese Communist Party knew this, and in a preemptive attempt to avoid the embarrassment of empty bleachers, it made a decision on Jan. 17 not to sell spectator tickets to people from outside China’s mainland, and invite in controlled groups instead.

Read More

Ohio Offers $2 Billion in Incentives to Land Intel Facility

The Center Square

Ohio government leaders say nearly $2 billion in incentives and tax breaks given to Intel to build a $20 billion manufacturing facility outside of Columbus will come back to benefit the state.

Ohio Department of Development Director Lydia Mihalik said Friday that Intel will receive a $600 million grant for building its two plants, plus another $691 million in infrastructure development. The company also will be eligible for another $650 million in job creation tax credits over 30 years.

Read More

Intel Officially Announces Chip Factory in Ohio

Peter D'Abrosca

Computer giant Intel Friday officially announced its intention to build a multi-billion dollar semiconductor factory in Ohio.

“Intel today announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio,” a corporate press release said. “The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers as part of the company’s IDM 2.0 strategy. To support the development of the new site, Intel pledged an additional $100 million toward partnerships with educational institutions to build a pipeline of talent and bolster research programs in the region.”

Read More

Intel Bends Knee to China, Scrubs All Mentions of Xinjiang Forced Labor from Letter

Admin

U.S. technology company Intel scrubbed all mentions of forced labor in Xinjiang, China, from its letter to suppliers after receiving stiff backlash from China.

Intel sent a letter written by vice president Jackie Sturm to suppliers in December 2021, urging them to avoid sourcing from the Xinjiang region, home to China’s Uyghur Muslim minority, citing the company’s forced labor policies.

“Multiple governments have imposed restrictions on products sourced from the Xinjiang region,” Sturm wrote. “Therefore, Intel is required to ensure our supply chain does not use any labor or source goods or services from the Xinjiang region.”

Read More

U.S. Tech Giant Apologizes to China After Telling Suppliers to Avoid Products from Xinjiang

Admin

U.S. chip maker and technology company Intel apologized to its Chinese business partners and customers Thursday after telling its suppliers to avoid sourcing from the Xinjiang region of China.

Intel sent a letter to suppliers earlier this month urging them to avoid products, labor and materials from Xinjiang, home of China’s Uyhgur Muslim minority. The letter, written by Intel’s Jackie Sturm, vice president and general manager of global supply chain operations, said Intel had an expectation that suppliers were “prohibiting any human trafficked or involuntary labor” in their supply chains.

Read More

Chip Company Intel Begins Construction in Arizona on New Plants, New Jobs Created

The Center Square

Intel Corp. broke ground on two new semiconductor fabrication factories in Chandler, Arizona on Friday, as part of its plan to become a major chip manufacturer for outside customers. 

 The $20 billion plants, Fab 52 and Fab 62, are expected to bring more than 3,000 new high-tech, high-wage jobs and 3,000 construction jobs to Arizona, while supporting an estimated 15,000 additional indirect jobs in the community, according to a press release from the governor’s office. This marks a 25% increase in Intel employees. 

Read More