Language Selection

English French German Italian Portuguese Spanish

Arizona, others take drastic steps to land Intel expansion

Filed under
Hardware

When Intel Corp. site location managers gather later this year to decide where they want to build their next $2 billion chip manufacturing plant, they'll have no shortage of prospects looking for their business.

Locales that already host Intel operations, including Arizona, are offering hundreds of millions of dollars in tax breaks if the semiconductor giant will expand in their areas and bring in hundreds of high-paying jobs.

Three weeks ago Gov. Janet Napolitano signed a bill passed by the Arizona Legislature that changes the way state sales taxes are calculated to give major interstate corporations such as Intel a big break on their sales taxes. The sales tax break, which would take effect if Intel invests a minimum of $1 billion, comes on top of already existing foreign trade zone status for the company's Ocotillo campus in Chandler, which greatly reduces Intel's property taxes on the site.

But the new law, generous though it is, only gives Arizona a chance to sit at the poker table. Other states are in this game too, hoping to lure Intel with their own tax incentives. Local governments in Hillsboro, Ore., where Intel has its largest manufacturing complex, have agreed to give the company $579 million in tax breaks if the company expands there. Also late last year Sandoval County, N.M., approved a $16 billion industrial revenue bond agreement with Intel that will give the company tax abatements during the next 30 years.

These are just the latest examples of how Intel has proven itself adroit at winning tax and other advantages. In 1997, Fort Worth, Texas, offered tax incentives for Intel to locate a factory there, but that project eventually was cancelled when the semiconductor market slumped. As a result, Intel didn't collect on the tax breaks.

Overseas, Ireland offered Intel a grant for construction of a new fabricating plant, but the company withdrew its grant application when the European Union opposed the deal. The company is continuing construction, and the plant is scheduled to go on line in the first half of next year.

To critics, such "incentives" amount to little more than blackmail.

Full Article.

More in Tux Machines

OSS Leftovers

  • Eudora saved thanks to open sourcing
    It took the organisation some five years of wrangling with the Eudora's IP owner Qualcomm, but eventually the once much-loved Mac then more software got given the open source greenlight. Eudora was created in 1988 by Steve Dorner while he was working at the University of Illinois. As email started to get big in the world of computing so too did Eudora in the mid-1990s. Qualcomm licensed the software from the University of Illinois and hired Dorner.
  • Top 10 Weirdest Names for Open Source Projects
    In the early stages of developing a new open source project, most developers rarely take the time to think about their future branding strategy. After all, a great idea, top notch code, and a passionate following are the winning formula when you’re getting a project underway. However the name you choose for your project can play a role in picking up a loyal following and attracting the curious. Names have power. They indicate tone and the intent. They can, if chosen well, inspire and unify action. They’re an important part of a project’s brand and tone of voice.
  • SD Times Open-Source Project of the Week: Katran
    While engineers are likely to implement hardware-based solutions for handling network load balance, Facebook’s scale of operation far outweighed the practicality of hardware load balancing, instead requiring the development of a lightweight software solution. The current result of Facebook’s efforts is its latest open-source release, scalable network load balancer Katran.
  • How Far Is Far Enough?

    Now, a new project from the Memento team holds out the promise of similar optimizations for more generic Web sites. The concept for Memento Tracer is to crowd-source a database of webrecorder.io-like crawls of complex Web sites in a form that can be analyzed to generate abstract templates similar to the platform templates on which LOCKSS plugins are mostly based. [...]

Blockchain and Hyperledger/FOSS

  • American Express Integrates Blockchain To Its Membership Rewards Program
    Financial services corporation American Express (AmEx) has announced a blockchain application to its Membership Rewards program in partnership with online merchant Boxed, Associated Press reported May 23. AmEx announced that it is integrating blockchain technology developed by Hyperledger, an open source blockchain project under the Linux Foundation, to let merchants design customized offers for AmEx cardholders in order to increase customer engagement.
  • Interview: Riccardo Spagni co-founder of a new open source blockchain
    South African cryptocurrency expert and lead maintainer of the Monero project Riccardo “fluffypony” Spagni has co-founded a new open source blockchain protocol named Tari. Tari is being built as a blockchain protocol for managing, transferring, and using digital assets, and is stewarded by a team based in Johannesburg. The Johannesburg-based team will work on building a blockchain protocol as a second-layer solution on top of Monero, leveraging the existing cryptocurrency’s security while offering a scalable and dynamic platform for digital assets.
  • CheapAir Ditches BitPay For Open-Source Bitcoin Payments
    Travel and accommodation website CheapAir.com has appeared to choose self-hosted payment processor BTCPay for its Bitcoin payments, shunning industry stalwart BitPay. [...] Coinbase revealed it was retiring its merchant processing function in April, a move which the cryptocurrency industry condemned for its disruptive consequences. BitPay, a processor which along with Coinbase continues to be arguably the best-known option for Bitcoin payments, appeared to miss out on wooing CheapAir, meanwhile, which has offered Bitcoin since 2014 and was the first ever travel agency world-wide to accept bitcoin.
  • Ontology (ONT) Develops its Open-source Triones Consensus System economic model
    The Ontology (ONT) team uses the blockchain technology and the Internet to explore in-depth levels of the information industry. The team’s plans include developing an open-source distributed trust ecosystem called Triones Consensus System that’s based on the Ontology chain network.

Linux 4.16.12, 4.14.44, 4.9.103, 4.4.133, and 3.18.110

Wine 3.9 Released