Skip to comments.Intel not opening new chip factory heralded by Obama
Posted on 01/14/2014 1:17:13 PM PST by Red in Blue PA
SAN FRANCISCO (Reuters) - Intel Corp (INTC), hit by slumping personal computer sales, has put off opening a major chip factory that President Barack Obama once held up as an example of U.S. manufacturing potential.
The "Fab 42" facility built in Chandler, Arizona, originally slated as a $5 billion project that in late 2013 would start producing Intel's most advanced chips, will remain closed for the foreseeable future while other factories at the same site are upgraded, said Intel spokesman Chuck Mulloy.
Intel's decision not open the chip plant was first reported by the Arizona Republic on Tuesday.
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0-Fubar will FUBAR every private sector project he gloms onto. This Intel chip fab being a fine example.
0-Fubar’s only successes have been getting more useless drones employed by the Feral Guv’mint and socialist boondoggles like 0-Fubar-Kare
Has Obama picked the teams going to the Superbowl yet? Gamblers everywhere will bet on the two he doesn’t pick.
That’s a blow, to the economy in general, and Arizona in particular.
Outstanding pay at those jobs. Somewhere around $80K average salary.
And the economy continues to contract, like a piece of Jell-O lying out in the sun....
The same piece of Jell-O people were trying to nail to the wall earlier.
I think I know what is going on and it doesn’t have anything to do with El Presidente.
Can’t say more.
Better watch out Intel, you made the boy king look bad, so expect and audit and NSA wire taps of your executive and board members. Better develop a Muslim outreach real quick.
You must tell! :-)
So...what are Obama’s pen and phone going to do about this? ;-)
Perhaps an EO to fill the place with transgenders, gays, and muslims.
It honestly would not surprise me at this point.
Not political is about all I can say without loosing my job.
Obamafail of the most extreme magnitude.
I really doubt you’d lose your job by posting an anonymous comment on a message board.
That’s okay. I’m sure they can retrofit the plant to produce solar panels and plug-in electric cars.
If I was an optimistic person I would guess that some advancement has been made that would render the proposed chips obsolete. If I was a pessimist, well, pessimism always has plenty of options....
It has happened to others.
I’ve been working for Intel for almost 25 years.
Internal guidelines say I can make comments about obsolete product, items which are already public knowledge but that’s about it.
Trust me its nothing sinister, just a business decision.
Solyndra or Intel—— ‘what difference does it make’? (a la Hellaryism). None when it comes to Big Zero reducing them into his own likeness.
Cozying up to the Kenyan is the kiss of death.