Intel to invest over $ 1 bn in India

[OhioChick]

Source: Times of India

3 Feb 2008, 1634 hrs IST,PTI

MUMBAI: Global chip maker Intel will invest more than USD one billion in India over the next three years as it seeks to prepare light-weight personal computers in partnership with Indian and foreign hardware firms.

"We have committed to spend over a billion dollars spread over next three years plus. We are focusing on a number of new initiatives for enabling easy availability of personal computers (PCs) and broadband Internet in India," Intel Technology India Director- marketing and operations John A McClure said.

The company is partnering with foreign and Indian computer hardware brands like ASUS Technologies, HCL, Wipro and Zenith for preparing light weight easy-to-use Internet platforms.


Read more: http://timesofindia.indiatimes.com/Intel_to_invest_over__1_bn_in_India/articleshow/2752988.cms

[Prefer]

1. WOW

Think of all the empowerment for democracy.

[Deja Q]

5. Ours?

Or are we a truly globalized world yet?

[Fridays Child]

2. I checked Google News and, evidently, this story does not appear in any U.S. papers.

Wouldn't want the American people to know that their industry giants are betting against them. :mad:

[OhioChick]

3. It's in All Indian News.....

http://www.zeenews.com/articles.asp?aid=422286&ssid=54&ssname=ICE%20Economy&sid=BUS&sname=LATEST-BUSINESS-NEWS

[Deja Q]

4. Meanwhile, broadband costs more in America while Europe is far advanced...

(meaning, in England, they get ~16Mb speeds for the price we pay to get ~6Mb here. I recall reading a UK magazine advert, or was it a website? Either way, it's all too easy to get the relevant statistic...)

Who cares about the US government, why are corporations leaving America behind?

Though I'll admit, the $600 laptop I got isn't half-bad, and useful on those trips if I need to write...

[BearSquirrel2]

11. $600 laptop ...

A $1000 laptop would be just as appealing if our mean wages have not stagnated vs inflation for the last 35 years. It's a race to the bottom.

[Xenotime]

6. This should be illegal. Why are they not doing it here?

[OhioChick]

7. $$$$ n/t

[gravity]

12. Because they are targeting the Indian market

America isn't the only country that buys computers

[CatholicEdHead]

8. It would be nice if they invested some of it over here

[dmosh42]

9. But they will get a tax break for it!

I'm sure Bush&Co will think of some way they can write that off! Patriotic Republicans, I'm sure.

[Phred42]

10. MORE CORPORATE TREASON!

Maybe it's time to Nationalize Intel's profits - and the profits of it's Treasonous Sr. Management.

[index555]

15. How so?

They are building machines for the India market.

[Omaha Steve]

13. My last 3 PC's have AMD cpu's by my choice

Looks like that will continue. K&R!

[OhioChick]

14. Intel is Investing Big in China, as Well.

Intel Announces $2.5B Chip Factory In China

Facility To Be China's Biggest Foreign High-Tech Investment

POSTED: 1:36 am EDT March 26, 2007

BEIJING -- Intel Corporation announced Monday it will build a $2.5 billion chip factory in China.

It will give the U.S. company a bigger presence in the booming Chinese market and boost Beijing's effort to attract high-tech investment.

The factory will produce chipsets, a key component in personal computers, mobile phones and other products.

The facility will be Intel's first wafer fabrication factory in Asia and its first built from scratch since 1992.

The Intel factory will be China's biggest foreign high-tech investment to date.

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=2781526

[brentspeak]

16. But we were told all the corporate tax cuts would result in "greater investment"

The Republicans just didn't mention that by "greater investment", they meant "greater investment" in other nations.

:banghead:

[OhioChick]

17. You Nailed It. n/t