Intel Corp plans to build a $5 billion, cutting-edge microchip factory in Arizona by 2013, sharply ramping up its U.S. manufacturing capacity as part of a major global expansion.I'm sure that California's neighbors will be happy if the state keeps making it hard for businesses to do business there.
The state-of-the-art plant, which will crank out microchips with next-generation 14 nanometer line-widths, is expected to bring thousands of jobs to the cash-strapped western U.S. state, which is offering more incentives to lure businesses.
[...] Intel said in October it plans to spend $6 billion to $8 billion on high-tech manufacturing facilities in Arizona and Oregon, creating as many as 8,000 construction jobs.
February 21, 2011
Business-hostile California spurs economic growth... in neighboring Arizona and Oregon
Reuters reported February 18 that California-based Intel is planning to invest up to $8 BILLION in new manufacturing facilities in Arizona and Oregon. I wonder why they didn't think it worthwhile to invest the money a little closer to home base?