Intel Opens $1 Billion Chip Factory in Vietnam

CommanderFrank

CommanderFrank

Cat Can't Scratch It
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Intel announced Friday the opening of the chip testing and assembly facility in Vietnam. The $1 Billion dollar facility will create jobs for around 2000 employees. Earlier this week Intel announced another $2.5 Billion dollar factory opening in China, where the chips will actually be manufactured.

Intel said it was attracted to Vietnam by its skilled, vibrant workforce, as well as the support Intel has received over the past four years from the Vietnam government, the Saigon Hi-tech Park and suppliers
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Intel said it was attracted to Vietnam by its cheap, uneducated workforce, as well as the kickbacks Intel has received over the past four years from the Vietnam government, the Saigon Hi-tech Park and suppliers
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Fixed..;)
 
I don't blame them. If they opened a factory in the US, within 6 months it would unionize and the workers would demand $30/hour + Full benefits and retirement. Their job, screwing two pieces of plastic together.
 
kirbyrj said:
http://www.nypost.com/p/news/opinion/opedcolumnists/shipping_out_jobs_TtokjOPy5XOEYP5BvF2HWJ
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That place advertises for FOX news. What's your point? I think someone missed that article about Google shucking billions in tax money by keeping business interests outside of this country.

Yes, billions of dollars is no incentive.:rolleyes: I think that assumption is somewhat absurd. You can believe what you read if you wish. In this case, I'll believe what I'm seeing instead.
 
BallerX said:
That place advertises for FOX news. What's your point? I think someone missed that article about Google shucking billions in tax money by keeping business interests outside of this country.

Yes, billions of dollars is no incentive.:rolleyes: I think that assumption is somewhat absurd. You can believe what you read if you wish. In this case, I'll believe what I'm seeing instead.
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That place? It's the NY Post.

You're picking one example of one company who manufactures nothing, and extrapolate that to all of American corporations. Whose the one swallowing the bullshit?

But in typical fashion, you didn't mention any of the facts cited in the article or cite any of your own. You sort of referenced some article about Google. It is either true or false that
in 2008, US companies sold more than $6 trillion worth of goods and services through overseas affiliates -- three times what US companies exported from America, and almost 90 percent of what they produce abroad is sold abroad.

I work as an exporter. I deal with the realities of a global economy all day, and your response is to blame Fox News for biasing the media :rolleyes:.
 
bigdogchris said:
I don't blame them. If they opened a factory in the US, within 6 months it would unionize and the workers would demand $30/hour + Full benefits and retirement. Their job, screwing two pieces of plastic together.
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Are you aware Intel has several fabs in the US (Chandler, AZ and Hillsboro, OR)?
 
bigdogchris said:
I don't blame them. If they opened a factory in the US, within 6 months it would unionize and the workers would demand $30/hour + Full benefits and retirement. Their job, screwing two pieces of plastic together.
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So you think its a great thing when American companies build factories outside the US... because people here may dare to demand a living wage, good working conditions, and a secure future? I'll give the right wing credit for being honest about one thing, you make no attempt to mask your disdain for your fellow man. I suppose once this finally becomes a serfdom, and most people are forced into abject poverty and will work for next to nothing, then it will be OK to bring the factories back ehh?
 
This is not unexpected as Vietnam has become one of the fastest growing economies in the world since it enacted many free market policies two decades ago. It's interesting to see that given its politics, but this shows how the developing world is maturing and offering new opportunities.
 
Reus said:
So you think its a great thing when American companies build factories outside the US... because people here may dare to demand a living wage, good working conditions, and a secure future? I'll give the right wing credit for being honest about one thing, you make no attempt to mask your disdain for your fellow man. I suppose once this finally becomes a serfdom, and most people are forced into abject poverty and will work for next to nothing, then it will be OK to bring the factories back ehh?
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Spoken like a true marxist. Simplifying capitalism and global interrelated economies to serfdom and disdain for fellow man.
 
bigdogchris said:
I don't blame them. If they opened a factory in the US, within 6 months it would unionize and the workers would demand $30/hour + Full benefits and retirement. Their job, screwing two pieces of plastic together.
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toyota's most productive plant is in the united states
 
Maxx said:
This is not unexpected as Vietnam has become one of the fastest growing economies in the world since it enacted many free market policies two decades ago. It's interesting to see that given its politics, but this shows how the developing world is maturing and offering new opportunities.
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too much corruption though...after clinton opened up trading with vietnam in the 90's there was a huge rush of american money into vietnam, a few years later they all pulled out because they were getting nickel and dimed for everything.

(i'm vietnamese)
 
Reus said:
So you think its a great thing when American companies build factories outside the US... because people here may dare to demand a living wage, good working conditions, and a secure future? I'll give the right wing credit for being honest about one thing, you make no attempt to mask your disdain for your fellow man. I suppose once this finally becomes a serfdom, and most people are forced into abject poverty and will work for next to nothing, then it will be OK to bring the factories back ehh?
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That's how economy works, business and trade goes to where you get more for less.
 
Reus said:
So you think its a great thing when American companies build factories outside the US... because people here may dare to demand a living wage, good working conditions, and a secure future? I'll give the right wing credit for being honest about one thing, you make no attempt to mask your disdain for your fellow man. I suppose once this finally becomes a serfdom, and most people are forced into abject poverty and will work for next to nothing, then it will be OK to bring the factories back ehh?
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So I used to be employeed by a Union.. I Got paid 25+ an hour to do the same job I was doing before that at 12/hr.. Difference is that when I was with the union I wasnt expected to work as hard..

That was a decade ago.. Now between me & my wife we barely clear 25/hr combined.. Were still not only surviving, but were doing OK. So no 30/hr is not a living wage.. Its a Sports car & weekend home wage..
 
prometheum said:
toyota's most productive plant is in the united states
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toyota's most productive plant WAS in the US, california to be exact. but they shut it down last year. now their second most productive plant is now its most productive plant in the US because its the only toyota plant left in the US which produce 1/3 of what the plant in california did.
 
Thanks for helping kick-starting the American economy, Intel.:rolleyes:
 
Azhar said:
Thanks for helping kick-starting the American economy, Intel.:rolleyes:
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Intel is a publicly traded company, they must do what is best for their shareholders. Their shareholders are from all over the world.
 
Azhar said:
Thanks for helping kick-starting the American economy, Intel.:rolleyes:
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Why would anyone want to expand a business where socialists are trying to pick and pull you apart for every penny? How many new, big businesses successful business have started up in Europe, the tax capital of the world, over recent years? Next to none when compared with the successes of other areas.

Thanks to the liberals and their lavish la la lands and big business taxes we won't be getting much of anything, except for more oligopolies packing their bags.
 
Salavat23 said:
Why would anyone want to expand a business where socialists are trying to pick and pull you apart for every penny? How many new, big businesses successful business have started up in Europe, the tax capital of the world, over recent years? Next to none when compared with the successes of other areas.

Thanks to the liberals and their lavish la la lands and big business taxes we won't be getting much of anything, except for more oligopolies packing their bags.
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You're making it sound like businesses like Intel can't survive here. Socialist or not, we need jobs here and Intel could full well provide it.
 
bigdogchris said:
I don't blame them. If they opened a factory in the US, within 6 months it would unionize and the workers would demand $30/hour + Full benefits and retirement. Their job, screwing two pieces of plastic together.
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pretty much sums it up, 750$ 920's if made in USA

stupid uniions are already at it with a slight improvment in the economy, be thankful you have a damn job.
 
I want to do two things currently before I die:

Tour a silicon foundry, and tour a microprocessor fab.
 
Azhar said:
You're making it sound like businesses like Intel can't survive here. Socialist or not, we need jobs here and Intel could full well provide it.
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Imagine you were going to a grocery store, and there were two stores, A and B, equally far apart from where you are. They both had similar products and a similar shopping environment. However, you could get all of your shopping done at store A for half the cost of store B. Which store would you shop at?

It is the exact same scenario here. Intel has access to plenty of engineers around the globe plenty of other resources almost everywhere they go. Why would they go to America if they could get the same work done elsewhere?

Keep in mind, its unlikely any chips will actually be designed in this factory, so it will be comprised of mainly low-level labor. They will simply design the chip elsewhere, send the blueprints, and mass produce it in the factory. Most of the work is computerized, so there is not much need for a massive, skilled work force.

So why in the hell would Intel go to America? They would have to pay millions more in taxes, millions more in wages, and have to deal with a lot more regulations crap here than almost anywhere else.
 
why would intel have any responsibility to the country that empowered them to become intel in the first place?
 
bigdogchris said:
I don't blame them. If they opened a factory in the US, within 6 months it would unionize and the workers would demand $30/hour + Full benefits and retirement. Their job, screwing two pieces of plastic together.
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Damn straight, Every American should be striving to work for minimum wage with no pension.

I hope you are doing your part.
 
Snowdog said:
Damn straight, Every American should be striving to work for minimum wage with no pension.

I hope you are doing your part.
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That's not his point at all, you're just being patronizing.

If someone's job really was to simply assemble a screw-threaded assembly, do you REALLY think that justifies much above minimum wage?

The bottom line is that American companies are willing to pay the wages that their employees demand -- when it meets the market's fair wage as well, for example, for educated workers like engineers. Go find me an engineer who works for minimum wage. Oh wait, you can't, because they have an education that makes them valuable and they do very specialized, skilled work.

Doing unskilled labor does not demand $20/hr. If the people doing unskilled labor want to make more, they have to make themselves more valuable to the market. The way to do that is either to get experience, certification, or education. There are still people who start out working an assembly line or cashier job and end up as a supervisor, or manager or owner in a McDonald's style company.

Seems like anyone who says "Gee, you should make the wage that the market will bear instead of driving business away by demanding skilled labor wages for unskilled labor" is being accused of stepping all over the "little guy" when in reality the union leaders are forcing the little guy to put his foot in his mouth by having EVERYONE demand higher wages. Guess what - when all the supply in a market is listed at a price no one is willing to pay, no one buys the good or service (in this case, labor). These companies go elsewhere.

It is unfortunate for the US that the cost of living in these often third-world countries (or formerly third world and now developing) is so much lower when compared to the US that $6/hr (or even $6/day!) is a very livable wage and beats the hell out of subsistence farming and the barter system. However, the US still has the world's largest economy, and the health of the economy is still there (suffering, but still there). People just need to stop deluding themselves about the reality of the situation. We are driving extremely lucrative business opportunities offshore by taxing them to death and having the unions fool unskilled laborers into believing they're worth $50k+ a year plus pensions.
 
bigdogchris said:
I don't blame them. If they opened a factory in the US, within 6 months it would unionize and the workers would demand $30/hour + Full benefits and retirement. Their job, screwing two pieces of plastic together.
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Yeah, decent pay, the ability to take your family to the doctor when needed, and being able to retire and live with a sliver of respect in your later years. I can DEFINITELY see why that is a bad thing. We should all make minimum wage, no insurance, and no retirement. It's the American dream in your eyes, obviously.

You know why so many are anti-union? Because they can't get into a union or are bitter that some people stand up to massive corporations and their billion dollar profits. If only Taco Bell would unionize. Then you'd sing union praise. :rolleyes:
 
Reus said:
So you think its a great thing when American companies build factories outside the US... because people here may dare to demand a living wage, good working conditions, and a secure future? I'll give the right wing credit for being honest about one thing, you make no attempt to mask your disdain for your fellow man. I suppose once this finally becomes a serfdom, and most people are forced into abject poverty and will work for next to nothing, then it will be OK to bring the factories back ehh?
Click to expand...

I have personally seen a union put a company I worked for out of business....

Do you have any idea why a stock radio costs so much for a vehicle? The build cost by the time it gets to the end of the line is somewhere around $200. And most of it is automated.

Part of the reason is because the union workers that put the radios in the shipping boxes get paid $20+ /hr + full benefits.

You have the UAW to thank for that.

And guess what? It is nearly impossible to fire somebody who is part of a union.. even if they call in sick m ultiple days a wekk, don't do the job they are supposedly being paid to do, sabatoge equipment, etc. All that happens is they get a slap on the wrist.

Also, if a non-union employee ends up doing a job that a union employee is being paid to do but refuses to do... the union employee can then file a grievance and get paid a ridiculous amount of extra pay.

So yeah... unions pretty much suck.
 
bigdogchris said:
I don't blame them. If they opened a factory in the US, within 6 months it would unionize and the workers would demand $30/hour + Full benefits and retirement. Their job, screwing two pieces of plastic together.
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But it's okay for a few CEO's and executives to pull in millions of dollars per year while everyone else makes barely enough to avoid poverty.

I'm sorry, but it's this idea that's played a big part in the economic situation today. In the last thirty years we've seen the dismantling of America's entire manufacturing and industrial infrastructure, which was the backbone of the economy. Millions of jobs were sent overseas and replaced with lower-paying service industry jobs so a few execs could afford more mansions and Ferraris. The pay of CEO's went from 40 times what a regular employee makes to over 500 times. Hell, $30/hr isn't even a lot of money. American's actually make less today than they did in the 1970's, which is the last time the middle class got a raise.

People deserve to be paid a decent wage, not just paycheck-to-paycheck. They may only be screwing to pieces of plastic together, but if they weren't there to do it, then that company couldn't produce and turn a profit, now could it? This idea that only CEO's and executives deserve to be paid decently needs to stop, because everyone's labor is important.
 
cyclone3d said:
I have personally seen a union put a company I worked for out of business....

Do you have any idea why a stock radio costs so much for a vehicle? The build cost by the time it gets to the end of the line is somewhere around $200. And most of it is automated.

Part of the reason is because the union workers that put the radios in the shipping boxes get paid $20+ /hr + full benefits.

You have the UAW to thank for that.

And guess what? It is nearly impossible to fire somebody who is part of a union.. even if they call in sick m ultiple days a wekk, don't do the job they are supposedly being paid to do, sabatoge equipment, etc. All that happens is they get a slap on the wrist.

Also, if a non-union employee ends up doing a job that a union employee is being paid to do but refuses to do... the union employee can then file a grievance and get paid a ridiculous amount of extra pay.

So yeah... unions pretty much suck.
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God forbid that people be paid a decent wage with good benefits. We can't have that because it would mean that a CEO wouldn't be able to afford his fifth mansion or his tenth car.

Unions give workers collective bargaining power. As the employers control the infrastucture, the only thing a worker controls is his labor, so it's much easier for an employer to exploit a worker than the other way around.
 
Lord Nassirbannipal said:
God forbid that people be paid a decent wage with good benefits. We can't have that because it would mean that a CEO wouldn't be able to afford his fifth mansion or his tenth car.

Unions give workers collective bargaining power. As the employers control the infrastucture, the only thing a worker controls is his labor, so it's much easier for an employer to exploit a worker than the other way around.
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Totally agreed. If Walmart's CEO gave up 100% of their salary (including benefits and incentives) and worked pro-bono, they could give every single employee a $15 raise.








Per year.
 
Lord Nassirbannipal said:
People deserve to be paid a decent wage, not just paycheck-to-paycheck. They may only be screwing to pieces of plastic together, but if they weren't there to do it, then that company couldn't produce and turn a profit, now could it? This idea that only CEO's and executives deserve to be paid decently needs to stop, because everyone's labor is important.
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Well then the market needs a reset. If the unions weren't so goddamn corrupt and screwing the working man just as badly as these corporations, I might have some more sympathy. The unions are really burning their candle at both ends, trying to screw the parent company AND trying to screw their members, all while pretending to be the good guy. I hope people eventually see it for what it is and show EVERYONE what the union has done for them.

If you think wages are that far out of line, then you have to convince everyone (clearly, some people are willing to work for that wage, since that's how a market economy works) and they have to say "We are unwilling to provide our labor at that price" until a balance is met. I know you think unions do that, but they really don't do it well, in that they negotiate aggressively enough to actually harm the employer, which defeats BOTH purposes in the market sense.

I do agree, CEO compensation appears to be out of hand, but again, this is a market and if the company is making huge profits, the CEO who theoretically led their business model there should be rewarded, since he is literally making life or death decisions for the company (at least, in theory, in the sense that you have a good CEO doing good work).

Legislation to cap executive pay or floor worker pay is just going to result in the New York City apartment problem: Making a rent ceiling just results in shitty apartments everywhere because landlords aren't charging what they're really "worth" and do minimum maintenance because at that price, demand outpaces supply, so you end up with roach motels. Ceo pay caps results in a shortage of supply of good executive talent because they aren't getting paid what their market "worth" is, so they're unwilling to provide their labor at the capped price.

This is all simplified theory, but the market has proven itself to behave this way many times. NYC apartments, agricultural subsidies and price floors, etc, etc...
 
Intel made a fab for $1 that puts out a billion chips?!?! What a great investment!!!!


avatardelta said:
I want to do two things currently before I die:

Tour a silicon foundry, and tour a microprocessor fab.
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Its kinda lame cause you don't really see anything. In the part I work in, people freak out about tolerances of 5 microns...that 0.000196 inches. You'd get more for your money going to Lockheed and seeing how they build the F35 Joint Strike Fighter....at least you'd get to see actual stuff and big shiny titanium and carbon fiber bits.
 
officer921 said:
Yeah, decent pay, the ability to take your family to the doctor when needed, and being able to retire and live with a sliver of respect in your later years. I can DEFINITELY see why that is a bad thing. We should all make minimum wage, no insurance, and no retirement. It's the American dream in your eyes, obviously.

You know why so many are anti-union? Because they can't get into a union or are bitter that some people stand up to massive corporations and their billion dollar profits. If only Taco Bell would unionize. Then you'd sing union praise. :rolleyes:
Click to expand...

Lord Nassirbannipal said:
But it's okay for a few CEO's and executives to pull in millions of dollars per year while everyone else makes barely enough to avoid poverty.

I'm sorry, but it's this idea that's played a big part in the economic situation today. In the last thirty years we've seen the dismantling of America's entire manufacturing and industrial infrastructure, which was the backbone of the economy. Millions of jobs were sent overseas and replaced with lower-paying service industry jobs so a few execs could afford more mansions and Ferraris. The pay of CEO's went from 40 times what a regular employee makes to over 500 times. Hell, $30/hr isn't even a lot of money. American's actually make less today than they did in the 1970's, which is the last time the middle class got a raise.

People deserve to be paid a decent wage, not just paycheck-to-paycheck. They may only be screwing to pieces of plastic together, but if they weren't there to do it, then that company couldn't produce and turn a profit, now could it? This idea that only CEO's and executives deserve to be paid decently needs to stop, because everyone's labor is important.
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People like this live in a la la land. They think that the economy is a static machine, in which flicking a few switches here and there won't change its output.

What these hippies are saying can be summed up by the following steps:

1. Raise wages to ridiculous amounts
2. ???
3. The economy remains at a balance and the purchasing power of your currency remains the same.

You have to understand that the market seeks balance. If there is no balance, it adapts by way of inflation and high living expenses.

What happens if wages universally increase? Food prices universally increase. Clothing prices universally increase. Home prices universally increase.

The end result is that living conditions are about the same for the upper and lower socioeconomic classes, but the middle class is fucked in the process.
 
Salavat23 said:
You have to understand that the market seeks balance. If there is no balance, it adapts by way of inflation and high living expenses.

What happens if wages universally increase? Food prices universally increase. Clothing prices universally increase. Home prices universally increase.

The end result is that living conditions are about the same for the upper and lower socioeconomic classes, but the middle class is fucked in the process.
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Which is why, when indexed for inflation, it becomes obvious that the "middle class" hasn't seen an increase in real wages (not nominal dollars, REAL purchasing power) since the 70's. It's pretty easy to spot the trends when the obfuscating influences of steady, low inflation coupled with CPI increases that beat inflation are removed.
 
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