Thursday, October 21, 2010

Another News Flash from Tax Hell

Posted By on Thu, Oct 21, 2010 at 3:52 PM

From a news item that moved on The Associated Press wire yesterday morning:

“Intel Corp. on Tuesday revealed the scope of its latest infusion to keep its factories cutting-edge and push the chip industry's pace: an investment of up to $8 billion to build a new factory in Oregon and upgrade four existing plants in Arizona and Oregon.

“In all, the projects will create up to 8,000 temporary construction jobs and up to 1,000 permanent positions in Oregon when that factory opens in 2013. …

“Intel has plants around the world, including Ireland and Israel, but three-quarters of its chip manufacturing is done in the U.S. That's partly a function of strict U.S. export rules on the most sophisticated chip-making equipment. Those rules effectively limit the kinds of chips that Intel can make in certain countries, such as China.”

Two quick questions:

1. Don’t the folks at Intel know that Oregon is Tax Hell for business and they’re supposed to be FLEEING the state, not spending billions to expand here?

2. How come Intel can survive and thrive without moving its manufacturing to China and other Third World countries, and if the US can stop Intel from doing it, why can’t it stop other companies from doing it?

Okay, I guess that was three questions.

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