Intel Corp (INTC)

[mike306oh]

My wrong Uncle. Both China locations Chengdu on logic products (production to start in Q1 06), and the older site Pudong on flash memory are indeed Assembly and Test sites for now. The last location (165,000 sf when completed) I hear it might be further extended if things go well, and it might turn into the first Intel fab in China. So far, rumors only. However, since the Pudong location is doing quite well as I know, if need might arrive a first fab in Asia, it makes more sense it to be in China than India (if that rumor is true, that is), that does not have much experience in electronics. If I would have any say in this, I think a new fab can be placed anywhere in the good old USA. Right now, in Ohio for instance (and I bet this is the same in many other places), any company that brings high tech jobs gets very good incentives from the local and state governments. Some high tech companies going abroad to lower the costs already found out that in the long run actually costs them more that if they would have done it here. The old "cheap labor" mit in improving the bottom line is all that: a mit. And a very dangerous game I would add.

Mike