6 ms·

"Up to $100B". Okay. I planned on spending up to $100B for my wife's Christmas present. I actually ended up spending $75 + tax.

jeremyjh 5y ago
The initial investment is $20B according to the article.
deleted 5y ago
[deleted]
sidlls 5y ago
This isn’t very charitable. When companies publish this sort of thing they’re generally committed (however tentatively) to within some reasonable percentage of the amount. Provided of course it makes financial sense after further diligence and the like.
- shoyer 5y ago
  Foxconn once said it would spend $10B building a factory in Wisconsin. Now the claim is $672M -- over next six years: https://en.wikipedia.org/wiki/Foxconn_in_Wisconsin https://en.wikipedia.org/wiki/Foxconn_in_Wisconsin We'll believe it when it happens.
  - AlwaysRock 5y ago
    Exactly. I'm less charitable because of Foxconn and how that story developed. Big companies promises tons of money and small/mid sized economies will give them huge tax cuts in exchange. In reality they build a much smaller plant and still take the tax cuts.
  - Aperocky 5y ago
    It's a race to the bottom, once an unspoken rule has been broken it will stay that way forever.
  - munificent 5y ago
    I don't think you can generalize between these deals when: 1. The semiconductor companies on one side of the table are very different: Taiwanese company mostly employing in China versus a US company. National cultures around commitments and deals vary. 2. The politicians on the other side of the table are very different. Scott Walker and Donald Trump with the Wisconsin deal and Mike DeWine in Ohio.
  - katbyte 5y ago
    Not sure Foxconn va intel is a great comparison.
  - sidlls 5y ago
    Anyone who believes anything said by a company from that region with respect to investments in the western world was always in for a surprise. It’s best to assume they think we’re all fat, dumb, lazy, and easily duped, and assume they’ll act accordingly.
tyrfing 5y ago
It's 20B with expansion options on 2,000 acres. Leading edge fabs just cost an incredible amount of money, it's basically in chunks of 10B at a time. Here's the Time article: https://time.com/6140476/intel-building-factory-ohio/ https://time.com/6140476/intel-building-factory-ohio/

jeremyjh 5y ago

The initial investment is $20B according to the article.

deleted 5y ago

[deleted]

sidlls 5y ago

This isn’t very charitable. When companies publish this sort of thing they’re generally committed (however tentatively) to within some reasonable percentage of the amount. Provided of course it makes financial sense after further diligence and the like.

shoyer 5y ago
Foxconn once said it would spend $10B building a factory in Wisconsin. Now the claim is $672M -- over next six years: https://en.wikipedia.org/wiki/Foxconn_in_Wisconsin https://en.wikipedia.org/wiki/Foxconn_in_Wisconsin We'll believe it when it happens.
- AlwaysRock 5y ago
  Exactly. I'm less charitable because of Foxconn and how that story developed. Big companies promises tons of money and small/mid sized economies will give them huge tax cuts in exchange. In reality they build a much smaller plant and still take the tax cuts.
- Aperocky 5y ago
  It's a race to the bottom, once an unspoken rule has been broken it will stay that way forever.
- munificent 5y ago
  I don't think you can generalize between these deals when: 1. The semiconductor companies on one side of the table are very different: Taiwanese company mostly employing in China versus a US company. National cultures around commitments and deals vary. 2. The politicians on the other side of the table are very different. Scott Walker and Donald Trump with the Wisconsin deal and Mike DeWine in Ohio.
- katbyte 5y ago
  Not sure Foxconn va intel is a great comparison.
- sidlls 5y ago
  Anyone who believes anything said by a company from that region with respect to investments in the western world was always in for a surprise. It’s best to assume they think we’re all fat, dumb, lazy, and easily duped, and assume they’ll act accordingly.

tyrfing 5y ago

It's 20B with expansion options on 2,000 acres. Leading edge fabs just cost an incredible amount of money, it's basically in chunks of 10B at a time. Here's the Time article: https://time.com/6140476/intel-building-factory-ohio/ https://time.com/6140476/intel-building-factory-ohio/