This week Intel announced that it is investing $7 billion dollars to upgrade its existing facilities in New Mexico, Oregon and Arizona.
Intel’s President and CEO Paul Otellini said, “Intel will use the money to speed up deployment of Intel’s 32-nanometer manufacturing technology used to build faster, smaller, more energy efficient computer chips.”
Is this guy crazy? Intel spending all that money for chips? We are smack in the middle of a deepening recession with aggregate consumption tumbling and this guy is shelling out $7 billion large ones? Continue reading “Seven billion right reasons”
