Intel to invest $300m in China chip packaging and testing facility expansion
According to a report from the South China Morning Post, the investment will allow the struggling chip company to increase packaging and testing capacity for server chips and establish a customer solutions center at the facility.
https://www.datacenterdynamics.com/en/news/intel-to-invest-300m-in-china-chip-packaging-and-testing-facility-expansion/
Who on ELT has relatives in China ??
No shyte this was announced over a year ago….
Bad news for SPTD in Chandler.
If this happens kiss all chips act money goodbye
@ptl... Intel hasn't received a dime of the CHIPS act funding yet. Investments like this could prevent Intel from getting anything.
https://www.tomshardware.com/tech-industry/intel-ceo-is-frustrated-with-chips-act-payout-progress-intel-has-received-usd0-from-the-usd8-5-billion-that-the-us-government-promised
Bring jobs back to the USA - No
Take $8.5B of US Govt money and spend $300M to expand manufacturing in China Yes
Pat better pray that Trump doesn't win next week. He obviously didn't get the memo. What an id--t and sycophant underlings.
How much of a runway do we have left ? 3 years ?
What chipsets are the USA Feds gonna trade restrict now ? We all know China is market hungry for data centers !
That's a small amount of $$$ to flush down the toilet by normal Intel standards.