Ohio's top union leader is disappointed and concerned following Intel's announcement of significant layoffs, which could affect the state's multi-billion-dollar manufacturing plant. The corporation refused to answer any of our questions on how this could impact the state.
https://www.news5cleveland.com/news/politics/ohio-politics/with-intels-latest-layoffs-will-the-ohio-plant-ever-be-built
chips act was Biden trying to win rust belt back.. it is not base in demand. chips act does not create demand.. "if you build it, they will come" is not the way it works.
Micron having same problem with New York plant as Intel is with Ohio plant
these companies broke ground to not miss out on the governement/ tax payer free money.. not because of demand.. demand may return but it has to happen from grass roots up..
Who cares? Intel has bigger problems.
Ohio top union leader? Well, that tells you why it's been shuttered, Intel is not as d-mb as you think. No way in he-l they are going to allow unionized employees at one of their US fabs.
There is no demand for it. Pat built it and Lip didn't want it. One of the reasons Pat was let go by the board. Here is what will happen:
Until there is demand or Intel gets a whole bunch of new capital somewhere (like the government) to finish it, it will be a ghost town.
Sad, because that was viable farm land. Happy the farmers that sold made some cash. They are going to need it since the bottom is falling out of the economy, recession is here and farmers wont be able to export their crops because of other countries finding new markets (republican tariffs caused this).
Ohio is the new F42.
For a very long time it sat as an empty shell, because it was started too soon.
Then the economy got better and Intel needed new space for EUV.
Until IFS picks up some meaningful external customers, this is the fate of any new fab, and especially where it is also a new site.
As they used to sing, 'Fab dead in Ohio'. Or something like that.
FM8 in Folsom is still waiting to be built.
The Ohio parking lot is in the rear view mirror.
Macroeconomic conditions must change. Ohio was canned because of regime change in the Whitehouse. Intel needs gubmint t1t to su-k off of. Donny said no.
It was never going to get built. It was about the grant money for more Golden parachutes and golden showers
🎼 Ay, oh, way to go, Ohio
Nobody wants Shitel. Period!!
Get all that chip making cr-p out of the buildings and it could be the biggest indoor marajuana farm in Ohio.
Be hopeful that either TSMC or Samsung can rescue the project otherwise it’s a large albatross in Ohio. Quite frankly Ohio deserves Intel…