This link has been bookmarked by 13 people . It was first bookmarked on 03 Mar 2010, by d C.
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04 Mar 10
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03 Mar 10
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e competitive
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A new semiconductor factory at world scale built from scratch is about $4.5 billion — in the United States. If I build that factory in almost any other country in the world, where they have significant incentive programs, I could save $1 billion,” because of all the tax breaks these governments throw in. Not surprisingly, the last factory Intel built from scratch was in China. “That comes online in October,” he said. “And it wasn’t because the labor costs are lower. Yeah, the construction costs were a little bit lower, but the cost of operating when you look at it after tax was substantially lower and you have local market access.”
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hblume6 Blume“I’d like to see competitiveness and education take a higher role than they are today,” he said. “Right now, they’re going to try to push this health care thing over the line, and, after that, deal with the next thing. God, I’d just like this [our competitiveness] to be the next thing. Something has to pay for” everything government is doing today.
We had to do the bailouts, the buy-ups and the jobs bills to stop the bleeding. But now we need to focus on the policies that spawn new firms and keep our best at the top. “Having run a company through a major transition, it’s a lot easier to change when you can than when you have to,” said Otellini. “The cost is less. You have more time. I am a little worried that by the time we wake up to the crisis we will be in the abyss.”
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