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Re: Dhandho post# 109156

Monday, 07/18/2022 8:03:01 AM

Monday, July 18, 2022 8:03:01 AM

Post# of 200283
Intel Corp. INTC 2.41% recently said it would move more cautiously on its factory plans without government incentives and fired a warning shot when it recently put off a ribbon-cutting ceremony in Ohio. Pat Gelsinger, CEO of the largest U.S. chip maker by sales, on Tuesday said at a Washington Post event that the company could change its investment plans if funding doesn’t come through.

This reminds of an mlb or NFL owner threatening to move his franchise unless the state ponies up for a new stadium. I think threats rather than bribes are the appropriate way to ensure chip production expands in the U.S. Tax the hell out of them if move production overseas. I hope this bill does not pass, no more billionaire welfare.
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