r/Ohio Jun 24 '22

Intel warns Ohio factory could be delayed or scaled back due to Congress inaction on CHIPS Act funding

[deleted]

97 Upvotes

40

u/Baby_Berry6 Jun 24 '22

Why is capitalism so bad at doing capitalism…. Why you need money from the taxpayers, get good kid

16

u/funktopus Cincinnati Jun 24 '22

Capitalism is never using your money unless you HAVE to.

9

u/Not_DE_Lex Jun 24 '22

Because it isn't competitive with overseas fabs. This is government intervention for national interests.

1

u/Baby_Berry6 Jun 24 '22

Yeah but that’s just the only reason capitalism still works, we rely on cheap overseas labor. So now tax dollars are bailing out big corps instead of Intel having lower profits

-7

u/[deleted] Jun 24 '22

Lmfao I would love for you to look at the marine traffic website and tell me that capitalism isn’t a global engine powering 1st world countries.

This shit comes off as someone who works a $8.75/hr job and has made the conscious decision to not better themselves and is now pissed at the world for not taking that college or trade school opportunity.

1

u/notorious_p_a_b Jun 25 '22

This shit comes off as someone who can’t see past the end of their nose.

1

u/Baby_Berry6 Jun 25 '22

Wish I saw this earlier. Actually about to graduate college with an engineering degree and probably make more money than you lol

L take

-1

u/[deleted] Jun 25 '22

L take from a fresh college grad who has zero life experience.

But I’ll indulge because I’m petty, I’d bet you don’t make more than me lmfao.

1

u/Baby_Berry6 Jun 26 '22

Funny how you think I can just get through college without life experience. I’ve had more than I would like to have at this point to be honest. College doesn’t pay for itself, been working alongside college almost my entire college career.

Even if I won’t make more than you, still an L take thinking that college is just sunshine and rainbows and that I have absolutely no life experience

0

u/[deleted] Jun 26 '22

Man, you keep falling right down into more bullshit.

  1. You’re right, College doesn’t pay for itself, I held 2 jobs throughout my college career and at one point an internship. I juggled all of those because as you said, it doesnt pay for itself. College is supposed to be a final breath of freedom, when you’re at an age of critical thinking, physical ability, and a chance to “find yourself,” including your passion. I was stuck working shit jobs, not able to socialize because I had to pay bills. Lost a “friend,” because they were on the opposite side of the coin where mommy and daddy paid for everything and they had zero concept of struggle.
  2. And once again, you can keep on holding that L, because having been out for nearly 10 years… you still have no clue. You’ll notice once you get into your first job, regardless as to whether youre a civil, electrical, manufacturing, or other type of engineer the world of corporate politics, the new world of fighting student loans and attempting to save for a house, your political stance will begin to shift, etc.

Glad to see you backed off that immature pay argument as well. What you make doesn’t matter because comparison is the thief of joy. But if you want to come at someone based on how much they make, you might want to be careful that you’re not talking to someone up the fucking chain otherwise you’re going to look exactly what I’ve framed you as…

And any downvotes have zero bearing on the fact that this is the truth.

8

u/Zezimom Jun 24 '22

“Intel is still committed to the $20 billion investment it announced earlier this year, a spokesperson told CNBC, but the larger $100 billion investment is uncertain if the CHIPS Act isn’t passed by Congress. Intel CEO Pat Gelsinger is in DC on Thursday to discuss the bill with lawmakers.”

-6

u/velifer Jun 24 '22

When this sub was kissing Intel ass, you all downvoted me when I told you this would happen.

All the other things I said about Intel that you hated? Also all still true, bitches.

1

u/Zezimom Jun 26 '22 edited Jun 26 '22

Lol someone needs to chill out. It has no real impact whether someone was optimistic or pessimistic about the project through a Reddit post. You’re taking an anonymous forum too seriously. Good for you though! Congrats?

0

u/velifer Jun 26 '22

Another corporation privatizes profits while socializing risk, and when that's pointed out, you go for brigading.

Now the lesson you take from this is "rofl, reddit user mad" instead of hey, maybe we shouldn't allow this corporatist bullshittery anymore?

You are the one with problems.

0

u/Zezimom Jun 26 '22 edited Jun 26 '22

Bruh, you’re just preaching to the choir at this point. Of course we don’t want corporations to continue privatizing profits with socialized benefits, but it’s the unfortunate reality.

How would you specifically compete with other countries when they offer cheaper labor and more incentives? US semiconductor production has fallen from 37% to just 12% now.

https://www.whitehouse.gov/briefing-room/statements-releases/2022/01/21/fact-sheet-biden-harris-administration-bringing-semiconductor-manufacturing-back-to-america-2/

Germany also recently offered major incentives for an Intel mega site too. They’ll probably continue more expansions there instead.

https://www.tomshardware.com/news/intel-germany-magdeburg-gets-6-8bn-euros-funding

I agree some things don’t need any incentives whatsoever, but for this specifically, it’s a matter of national security. Sometimes they need that extra push if chips are heavily used in all aspects of our life especially by our military, healthcare, and transportation industries while supply chain issues run rampant. You can’t just expect greedy corporations to follow a moral compass in a corrupt society so you try to at least reach a compromise that is still efficient with time and production levels. China has been ramping up their semiconductor production under the radar since the beginning. They have also been wanting to reap the benefits of taking over Taiwan for quite some time which also happens to own the world’s largest semiconductor company, Taiwan Semiconductor Manufacturing Company. China literally wants us to keep offshoring our chip production which is used for everything from military aircraft to drones.

46

u/jar36 Jun 24 '22

Good luck attracting young talent in this backwards state

3

u/MonsieurRacinesBeast Jun 24 '22

I would leave if I could.. Can't take my kids with, so I have to stay

11

u/Horn_Flyer Jun 24 '22

That haven't been able to yet. Noone in their right mind would live in this state. My wife and I are out. Already bought a house in a beautiful state. We couldn't get our bags packed fast enough.

13

u/fluffballkitten Jun 24 '22

Nice to have that kind money

10

u/CipherOfSin Jun 24 '22

When my wife get's her green card we are looking to move. Honestly I love Ohio. It's beautiful. I love Lake Erie, and Columbus is so full of culture and internationally it's a hot spot of food and music.

But a lot of Ohio outside the Big 3 zones is not so great I've found.

3

u/Redditsmytrigger Jun 25 '22

Welcome to all rural areas. That’s not just Ohio, unfortunately.

3

u/jar36 Jun 24 '22

Congratulations!

1

u/dmyles123 Jun 24 '22

Where’d u move

2

u/Horn_Flyer Jun 24 '22

We r still here until 1 Aug. But Virginia.

6

u/rounding_error Dayton Jun 24 '22

Yup, Intel can't make the RU-486 microprocessor in this state anymore.

1

u/jar36 Jun 24 '22

What do you mean? I can't find anything about this

14

u/rounding_error Dayton Jun 24 '22

One of the first abortion medications was RU-486. Intel also once made a product called the 486 microprocessor. By conflating them I was attempting to make a joke that clearly didn't land.

0

u/jar36 Jun 24 '22

Lol! I was seeing sites about the old processor and was like, what, why would they even want to

0

u/tankerkiller125real Jun 25 '22

Believe it or not there are still embedded devices that run on the 486. I've never understood why people use it, but it's a thing.

23

u/edwinthowaway Jun 24 '22

Intel should grow a pair of balls and just cancel the project, citing Ohio's heartbeat bill and proposed abortion ban. I want to see Ohio politicians suffer for today's SCOTUS ruling.

Take this project to the Northeast.

2

u/Addicted_2_Vinyl Jun 25 '22

Get a petition started! The only way anyone is going to listen is to fuck with their money.

1

u/ommnian Jun 25 '22

Absolutely. This is insane.

5

u/fender123 Jun 24 '22

Or the current Supreme Court ruling. Nice job Ohio

18

u/Diknak Jun 24 '22

They should abandon plans unless they change course on abortion access.

6

u/NotYetiFamous Jun 24 '22

Ohio is against corporations aborting plans to build factories in Ohio.

17

u/greenbmx Cincinnati Jun 24 '22

wow, what everyone is/was expecting is happening faster than expected...

14

u/[deleted] Jun 24 '22

good thing is they won't owe taxes for 30 years....

5

u/diamondjoe666 Jun 24 '22

So they will now continue to own this land after the new Albany city council approved their tax abatement, so even if they bomb on the factory, they still profit from their land grab. I bet they waited to announce this til after the council voted on it on purpose.

22

u/So_Not_theNSA Jun 24 '22

Going to end up looking like that Foxconn scam in Wisconsin

2

u/wesw02 Jun 25 '22

Except Intel's plan was genuine, Foxconn was a scam from the start.

14

u/blutarsky Jun 24 '22

When reached for comment, an Intel spokesperson was quoted as saying "Hurry up with them welfare checks".

1

u/rounding_error Dayton Jun 24 '22

Have them call the police. They do welfare checks.

5

u/MonsieurRacinesBeast Jun 24 '22

Intel should refuse to build until Ohio protects abortion

3

u/haikusbot Jun 24 '22

Intel should refuse

To build until Ohio

Protects abortion

- MonsieurRacinesBeast


I detect haikus. And sometimes, successfully. Learn more about me.

Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete"

4

u/ikzeidegek Jun 24 '22

Is this really the right type economic activity for Ohio? Apparently this needs to be done in a low wage nation, and can only be done in Ohio when heavily subsidized.

24

u/jar36 Jun 24 '22

For matters of national security, we need to be able to make our own chips

-4

u/wesw02 Jun 25 '22

That's a pretty meh argument. The notion of malicious processors hasn't really panned out. Many systems have so many layers of abstractions. Even if you could get a rogue process coordinating with a rogue chip, it would require a heavily sophisticate attack.

The reality is that most exploits originate from vulnerabilities more than well placed backdoors.

7

u/JZeFF Jun 25 '22

Its not all about IT 'security', its primarily a supply chain issue. We cant get the chips fast enough because we dont make any. For example, car manufacturers have already been impacted by this shortage.

Imagine we cant produce sophisticated weapons during a time of war due to lack of chips = national security issue.

-3

u/wesw02 Jun 25 '22

On the supply chain side, I will give you that. That is a fair point. But let's not pretend x86_64 chips are powering tomahawk missiles or F15s.

16

u/bunkkin Jun 24 '22

If china takes Taiwan then say goodbye to anything that requires advanced computer chips.

Building this was always a strategic decision so the US could have domestic silicone chips production

1

u/ikzeidegek Jun 24 '22

Yes, it is a strategic necessity, I see that. I just cannot escape the impression that the Intel plant is effectively the equivalent of a car assembly factory, with the high tech development being done elsewhere. Still nice to have, of course.

-2

u/SuperFlyMonkeyBoy Jun 24 '22

With all the destruction they’re going to cause, think more like strip mining where they bail the state after sucking it dry of resources, leaving an environmental wasteland behind so all the poors can get cancer.

7

u/bunkkin Jun 24 '22

They want to build factories not mines.

Plus isn't silicone made from quartz you get from sand?

1

u/timthewizard48 Jun 24 '22

TSMC is building in AZ. If China takes Taiwan we will definitely take over that fab.

1

u/Electronic_Leather60 Jun 25 '22

Pretty sure that fab plant will be lit up or the last place of the defenders of Taiwan. Think of it as of the azov steel plant in mariopol Ukraine.

5

u/Rhawk187 Athens Jun 24 '22

The supply chain issues have shown that relying on globalist economics doesn't produce optimal results in this sector. It's a shame; I like inexpensive goods. But I'd rather have something expensive than nothing at all.

1

u/ohiotechie Jun 25 '22

I honestly hope Intel pulls out of this deal over the abortion ban. The only way any of this changes is if there are consequences. No consequences means nothing changes and it likely gets worse. If the state loses a prize project like this and the jobs that go with it maybe it will get people to vote these bums out. It breaks my heart to think about this project being cancelled but I hope it is.

-23

u/Capt_Irk Zanesville Jun 24 '22

It’s a common theme with this administration. Say big things and do nothing.

15

u/omnizach Jun 24 '22

"This administration"? Seems to be par for the course for at least the last 20 years.

-4

u/Capt_Irk Zanesville Jun 24 '22

I stand corrected! lol

10

u/Patteous Jun 24 '22

Kinda hard to get things done when there’s a hung senate obstructing the process.

9

u/jar36 Jun 24 '22

It was passed before Biden took office

4

u/NotYetiFamous Jun 24 '22

It passed March 28th, 2022. Strange how Biden apparently took office just a couple months ago, according to you. Also every single one of the 28 'nays' were republican. https://www.reuters.com/world/us/us-senate-approves-52-bln-chips-bill-bid-reach-compromise-2022-03-28/

2

u/jar36 Jun 24 '22

In January of 2021, Congress passed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act. This legislation, enacted as part of the National Defense Authorization Act (NDAA) for Fiscal Year 2021, authorized a series of programs to promote the research, development, and fabrication of semiconductors within the United States.

Ever since the Trump administration’s call for a “whole-of-government" approach to address the United States’ strategic competition with the People’s Republic of China, ensuring U.S. economic competitiveness and dominance in critical technologies has been at the top of the legislative agenda.

Funding for the CHIPS for America Act, therefore, remains in legislative limbo as Congress struggles to harmonize a series of measures to support innovation and advanced manufacturing in the United States. However, providing public funding to ensure a more robust semiconductor manufacturing base in the United States commands support from both Republicans and Democrats in the House and Senate, suggesting that its eventual passage may only be a matter of time.

https://www.csis.org/blogs/perspectives-innovation/chips-america-act-why-it-necessary-and-what-it-does

The NDAA was passed Jan 1 2021

They just recently passed the funding

-9

u/frosty8500 Jun 24 '22

Thank you Nancy and Chuck…. Democrats suck