Is this the end of semiconductor industry in US with same ending as auto industry back in the days? Usually when the big guys like Intel start shifting jobs to offshore others follow. Thoughts?
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Agree. Move the jobs to Detroit but not to china for god sake.
there is NO reason why the US couldn't be at the top of manufacturing heap again. don't buy into the "only in asia" line of crap. it's all lies.
Please of software engineering jobs... If you are good...
Retrain and retool into what? Care to provide some helpful pointers?
@HioqaDf-ztb. Actually, there are plenty of new tech jobs in America. Its just a matter whether you want to get off your last assand retrain and retool. If you are an old man, probably too lazy to. In that case, hopefully you managed your money well, otherwise you are screwed.
Trump has flipped his stance so many times. He speaks and rides on people's emotion. However when he becomes president, he won't take any of the actions which he promises now. Let's look at trump organization and see if his company is sourcing a single component from China.
If Intel spin off its fab as a separate company and ask them to bring in new customers then they would do very well. The whole policy of keeping the fab tied within the company might be hurting the fab business.
Hardware jobs's being moving to Asia for the last decade or more while you were sleeping. There is no future for tech in the US. Unless we elect Trump and make America great again, all will be lost.
Shifting jobs offshore, firing people, cutting costs within the company - health insurance, performance bonus, restricted stock etc are the means to satisfy Wall Street. Intel management a.k.a Murthy is well seasoned in executing the above plan in Qualcomm. He is probably going to do the same here.
I don't see semi becoming an auto industry. To start with semi never had a huge percentage of employees under the labor category. Most of them are engineers or technicians except for fab. Intel might move some of its fab to a country where the US export regulations might have some value.
Yep. Intel semiconductor America will be at a negligible small scale within 10 years. No careers left.
So, I find all this rhetoric from Trump and his supporters by declaring a trade war with China very laughable. If U.S. companies were forced to stop using factories and labor from china, then U.S. companies would end up being at a severe disadvantage to all the European, Korean, Taiwanese companies that will continue to use factories and labor from china.
You can't stop the global trends and economics of scale.
The only way U.S. can get out of this mess, is to invest time and energy into the "next generation" of things that no one else is working on. And that requires a lot of R&D and engineering from brilliant minds....which... obviously will be supressed if you ban H1-B's from immigrating here. Afterall, how many U.S. citizens end up become engineers these days, versus spending the same amount of time to become a doctor or lawyer or dental that pays a heck of a lot better and gives a heck of a lot job security than a "senior hardware engineer"....
Examples:
The majority of the LiIon batteries are made in China. None in the U.S.
The majority of solar panels are made in China. None in the U.S.
The majority of the Rare Earth minerals needed for high tech electronic boards are mined in china, not the U.S.
It's not just U.S. companies. If you look at european companies, a lot of european companies basically are doing the same thing. Manufacturing in china.
Even Japan and Taiwan and Korea all source labor in China. Your Sony TV is no longer made in Japan and has not been for a long time. It was once assembled in San Diego and Tijuna, but they too have move that into China.
You do realize that most of the Fab's are already in asia? Intel is probably the only semi company left with fab in the U.S.
Most chip companies are fab-less american companies. As in anything else...
Design/architecture/cutting edge implementation will stay in the U.S.... Labor, will be moved to cheaper cost areas.
The thing is, moving manufacturing to Asia isn't just cheaper. Companies in the U.S. simply aren't tooled and can't hire enough people to be able to run a Fab in the U.S. as efficient as in, say China. There was lots of research about how it is virtually impossible to make an iPhone with a U.S. manufacturing plant, given Apple's time to market demands of manufacturing. And Motorola failed miserably to try to restart a smartphone manufacturing facility in Texas.
All the technology to build it faster, cheaper, doesn't reside in the U.S. anymore. Nor would companies here be able to find enough workers to produce, at the cost they are currently producing at.
So, yeah tell your kids those labor jobs aren't coming back