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Yet another Brexit bonus
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By (user no longer on site) OP
over a year ago
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The boss of Intel said they're no longer considering building a factory in the UK because of Brexit.
Before the UK left the EU, he also said the country "would have been a site that we would have considered".
They're now looking at building in the EU instead.
These Brexit bonuses keep on coming, don't they? |
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By *ackal1Couple
over a year ago
Manchester |
The boss of Intel didn’t have to mention Brexit but he did so we must have been in the running at one point but Brexit put the nail in the coffin of our bid.
That’s a massive spend Intel are planning (£70-80Billion) and if as Boris claimed he wanted a high tech economy it’s an example of why Brexit has hurt us . We could have stayed in and tried to become a High tech economy. The EU weren’t stopping us but Boris insinuated they were.
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By *ostafunMan
over a year ago
near ipswich |
"The boss of Intel didn’t have to mention Brexit but he did so we must have been in the running at one point but Brexit put the nail in the coffin of our bid.
That’s a massive spend Intel are planning (£70-80Billion) and if as Boris claimed he wanted a high tech economy it’s an example of why Brexit has hurt us . We could have stayed in and tried to become a High tech economy. The EU weren’t stopping us but Boris insinuated they were.
"
Yes the uk is ruled out because of brexit this is true the reason being is that they need eu subsidies .
In 2021, Intel announced it would look to spend about $20bn to produce semiconductors in Europe. It is likely the company will look at a multi-site approach in order to maximise the amount of subsidies it can receive.
so yes the uk MAY have got a part of the business but it hasn't lost anything due to brexit apart from the CHANCE to subsidise a company to come to the uk nothing guaranteed and not for the headline amount either.
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By *ercuryMan
over a year ago
Grantham |
The German Goverment has a "fighting fund" of £8 billion to attract semi-conductor business.
Intel are hoping for huge tax breaks and subsidies in order to build this factory.
Yes, we lost this one. Annoying but we are still the envy of many countries on our Foreign Direct Investment (FDI). Even after Brexit! |
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By *ostafunMan
over a year ago
near ipswich |
"The German Goverment has a "fighting fund" of £8 billion to attract semi-conductor business.
Intel are hoping for huge tax breaks and subsidies in order to build this factory.
Yes, we lost this one. Annoying but we are still the envy of many countries on our Foreign Direct Investment (FDI). Even after Brexit!"
as i said they are looking at the multi site approach to maximize subsidies. |
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I worked in a intel construction project in the company's manufacturing complex in lixeip ouside Dublin Roi, this complex employs 6000 production workers and 5000 construction and maintenance workers at any time, all highly paid jobs, the project i worked on was a investment of 2.5 billion euro, they were given a government grant of approximately 100 million euro, this is a standard grant available to any company in Ireland who are developing manufacturing facilities, proportional to the investment, the lexlip facility returns a annual net profit in excess of 5 billion euro, so the government grant of 100 million euro was peanuts and never a factor in deciding to build their facility extension in Ireland,
High tech companies do not need or look for government subsidies, what they need is a young highly educated and motivated workforce, like we have in Ireland, the companies that require government subsidies to survive are usually loss making, low wage paying, unviable manufacturing plants, the best example i can think of is the Nissan plant in Sunderland uk, which only survives on massive UK government subsidies |
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By (user no longer on site)
over a year ago
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"The boss of Intel said they're no longer considering building a factory in the UK because of Brexit.
Before the UK left the EU, he also said the country "would have been a site that we would have considered".
They're now looking at building in the EU instead.
So much ‘winning ‘
These Brexit bonuses keep on coming, don't they?"
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By *ackal1Couple
over a year ago
Manchester |
"The boss of Intel didn’t have to mention Brexit but he did so we must have been in the running at one point but Brexit put the nail in the coffin of our bid.
That’s a massive spend Intel are planning (£70-80Billion) and if as Boris claimed he wanted a high tech economy it’s an example of why Brexit has hurt us . We could have stayed in and tried to become a High tech economy. The EU weren’t stopping us but Boris insinuated they were.
Yes the uk is ruled out because of brexit this is true the reason being is that they need eu subsidies .
In 2021, Intel announced it would look to spend about $20bn to produce semiconductors in Europe. It is likely the company will look at a multi-site approach in order to maximise the amount of subsidies it can receive.
so yes the uk MAY have got a part of the business but it hasn't lost anything due to brexit apart from the CHANCE to subsidise a company to come to the uk nothing guaranteed and not for the headline amount either.
"
They also want to be close to their market and the subsidies are to offset cheaper labour costs in the far east. It’s a political investment as much as an economic as China has too much sway in the market.
Given the push to secure high tech away from China it’s a good thing.
We are too exposed and I personally think allowing China to build and operate our nuclear plants is just mad!!
Brexit has cost us the chance to benefit whether it’s £20 or £100billion. The result is zero investment either way in the U.K. for intel.
Subsidising car manufacturers which were already here is purely down to Brexit. |
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"The boss of Intel didn’t have to mention Brexit but he did so we must have been in the running at one point but Brexit put the nail in the coffin of our bid.
That’s a massive spend Intel are planning (£70-80Billion) and if as Boris claimed he wanted a high tech economy it’s an example of why Brexit has hurt us . We could have stayed in and tried to become a High tech economy. The EU weren’t stopping us but Boris insinuated they were.
Yes the uk is ruled out because of brexit this is true the reason being is that they need eu subsidies .
In 2021, Intel announced it would look to spend about $20bn to produce semiconductors in Europe. It is likely the company will look at a multi-site approach in order to maximise the amount of subsidies it can receive.
so yes the uk MAY have got a part of the business but it hasn't lost anything due to brexit apart from the CHANCE to subsidise a company to come to the uk nothing guaranteed and not for the headline amount either.
They also want to be close to their market and the subsidies are to offset cheaper labour costs in the far east. It’s a political investment as much as an economic as China has too much sway in the market.
Given the push to secure high tech away from China it’s a good thing.
We are too exposed and I personally think allowing China to build and operate our nuclear plants is just mad!!
Brexit has cost us the chance to benefit whether it’s £20 or £100billion. The result is zero investment either way in the U.K. for intel.
Subsidising car manufacturers which were already here is purely down to Brexit. "
Huawei have committed 1.2 billion to build a r & d facility in Cambridge.
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By *ackal1Couple
over a year ago
Manchester |
"The boss of Intel didn’t have to mention Brexit but he did so we must have been in the running at one point but Brexit put the nail in the coffin of our bid.
That’s a massive spend Intel are planning (£70-80Billion) and if as Boris claimed he wanted a high tech economy it’s an example of why Brexit has hurt us . We could have stayed in and tried to become a High tech economy. The EU weren’t stopping us but Boris insinuated they were.
Yes the uk is ruled out because of brexit this is true the reason being is that they need eu subsidies .
In 2021, Intel announced it would look to spend about $20bn to produce semiconductors in Europe. It is likely the company will look at a multi-site approach in order to maximise the amount of subsidies it can receive.
so yes the uk MAY have got a part of the business but it hasn't lost anything due to brexit apart from the CHANCE to subsidise a company to come to the uk nothing guaranteed and not for the headline amount either.
They also want to be close to their market and the subsidies are to offset cheaper labour costs in the far east. It’s a political investment as much as an economic as China has too much sway in the market.
Given the push to secure high tech away from China it’s a good thing.
We are too exposed and I personally think allowing China to build and operate our nuclear plants is just mad!!
Brexit has cost us the chance to benefit whether it’s £20 or £100billion. The result is zero investment either way in the U.K. for intel.
Subsidising car manufacturers which were already here is purely down to Brexit.
Huawei have committed 1.2 billion to build a r & d facility in Cambridge.
"
Good for Cambridge science park so definitely positive..
Sadly like most good things created/invented here over the years we end up manufacturing elsewhere as the profits are so much better. That’s what needs to stop. We need long term investment not profit today. High tech production and lots of it.
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"The boss of Intel didn’t have to mention Brexit but he did so we must have been in the running at one point but Brexit put the nail in the coffin of our bid.
That’s a massive spend Intel are planning (£70-80Billion) and if as Boris claimed he wanted a high tech economy it’s an example of why Brexit has hurt us . We could have stayed in and tried to become a High tech economy. The EU weren’t stopping us but Boris insinuated they were.
Yes the uk is ruled out because of brexit this is true the reason being is that they need eu subsidies .
In 2021, Intel announced it would look to spend about $20bn to produce semiconductors in Europe. It is likely the company will look at a multi-site approach in order to maximise the amount of subsidies it can receive.
so yes the uk MAY have got a part of the business but it hasn't lost anything due to brexit apart from the CHANCE to subsidise a company to come to the uk nothing guaranteed and not for the headline amount either.
They also want to be close to their market and the subsidies are to offset cheaper labour costs in the far east. It’s a political investment as much as an economic as China has too much sway in the market.
Given the push to secure high tech away from China it’s a good thing.
We are too exposed and I personally think allowing China to build and operate our nuclear plants is just mad!!
Brexit has cost us the chance to benefit whether it’s £20 or £100billion. The result is zero investment either way in the U.K. for intel.
Subsidising car manufacturers which were already here is purely down to Brexit.
Huawei have committed 1.2 billion to build a r & d facility in Cambridge.
"
Would that be the same Huawei that we have forbidden the use of their components in our 5G networks, surveillance systems etc? Whose mobiles are blacklisted for any government use? |
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By *eroy1000Man
over a year ago
milton keynes |
"The boss of Intel didn’t have to mention Brexit but he did so we must have been in the running at one point but Brexit put the nail in the coffin of our bid.
That’s a massive spend Intel are planning (£70-80Billion) and if as Boris claimed he wanted a high tech economy it’s an example of why Brexit has hurt us . We could have stayed in and tried to become a High tech economy. The EU weren’t stopping us but Boris insinuated they were.
Yes the uk is ruled out because of brexit this is true the reason being is that they need eu subsidies .
In 2021, Intel announced it would look to spend about $20bn to produce semiconductors in Europe. It is likely the company will look at a multi-site approach in order to maximise the amount of subsidies it can receive.
so yes the uk MAY have got a part of the business but it hasn't lost anything due to brexit apart from the CHANCE to subsidise a company to come to the uk nothing guaranteed and not for the headline amount either.
They also want to be close to their market and the subsidies are to offset cheaper labour costs in the far east. It’s a political investment as much as an economic as China has too much sway in the market.
Given the push to secure high tech away from China it’s a good thing.
We are too exposed and I personally think allowing China to build and operate our nuclear plants is just mad!!
Brexit has cost us the chance to benefit whether it’s £20 or £100billion. The result is zero investment either way in the U.K. for intel.
Subsidising car manufacturers which were already here is purely down to Brexit.
Huawei have committed 1.2 billion to build a r & d facility in Cambridge.
Would that be the same Huawei that we have forbidden the use of their components in our 5G networks, surveillance systems etc? Whose mobiles are blacklisted for any government use?"
It doesn't seem logical on the face of it but appears to be true. I see that they do far more than just phones and have committed the investment in the UK. Not only R&D but to manufacture in Cambridge as well |
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"The boss of Intel didn’t have to mention Brexit but he did so we must have been in the running at one point but Brexit put the nail in the coffin of our bid.
That’s a massive spend Intel are planning (£70-80Billion) and if as Boris claimed he wanted a high tech economy it’s an example of why Brexit has hurt us . We could have stayed in and tried to become a High tech economy. The EU weren’t stopping us but Boris insinuated they were.
Yes the uk is ruled out because of brexit this is true the reason being is that they need eu subsidies .
In 2021, Intel announced it would look to spend about $20bn to produce semiconductors in Europe. It is likely the company will look at a multi-site approach in order to maximise the amount of subsidies it can receive.
so yes the uk MAY have got a part of the business but it hasn't lost anything due to brexit apart from the CHANCE to subsidise a company to come to the uk nothing guaranteed and not for the headline amount either.
They also want to be close to their market and the subsidies are to offset cheaper labour costs in the far east. It’s a political investment as much as an economic as China has too much sway in the market.
Given the push to secure high tech away from China it’s a good thing.
We are too exposed and I personally think allowing China to build and operate our nuclear plants is just mad!!
Brexit has cost us the chance to benefit whether it’s £20 or £100billion. The result is zero investment either way in the U.K. for intel.
Subsidising car manufacturers which were already here is purely down to Brexit.
Huawei have committed 1.2 billion to build a r & d facility in Cambridge.
Would that be the same Huawei that we have forbidden the use of their components in our 5G networks, surveillance systems etc? Whose mobiles are blacklisted for any government use?
It doesn't seem logical on the face of it but appears to be true. I see that they do far more than just phones and have committed the investment in the UK. Not only R&D but to manufacture in Cambridge as well"
It shows the double standards and political spin from the government over Huawei. Another thing all Huawei employees are shareholders in the company through ESOP which looks extremely lucrative for the employee. |
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"The boss of Intel didn’t have to mention Brexit but he did so we must have been in the running at one point but Brexit put the nail in the coffin of our bid.
That’s a massive spend Intel are planning (£70-80Billion) and if as Boris claimed he wanted a high tech economy it’s an example of why Brexit has hurt us . We could have stayed in and tried to become a High tech economy. The EU weren’t stopping us but Boris insinuated they were.
Yes the uk is ruled out because of brexit this is true the reason being is that they need eu subsidies .
In 2021, Intel announced it would look to spend about $20bn to produce semiconductors in Europe. It is likely the company will look at a multi-site approach in order to maximise the amount of subsidies it can receive.
so yes the uk MAY have got a part of the business but it hasn't lost anything due to brexit apart from the CHANCE to subsidise a company to come to the uk nothing guaranteed and not for the headline amount either.
They also want to be close to their market and the subsidies are to offset cheaper labour costs in the far east. It’s a political investment as much as an economic as China has too much sway in the market.
Given the push to secure high tech away from China it’s a good thing.
We are too exposed and I personally think allowing China to build and operate our nuclear plants is just mad!!
Brexit has cost us the chance to benefit whether it’s £20 or £100billion. The result is zero investment either way in the U.K. for intel.
Subsidising car manufacturers which were already here is purely down to Brexit.
Huawei have committed 1.2 billion to build a r & d facility in Cambridge.
Would that be the same Huawei that we have forbidden the use of their components in our 5G networks, surveillance systems etc? Whose mobiles are blacklisted for any government use?"
Yes and yes.  |
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By *eroy1000Man
over a year ago
milton keynes |
"The boss of Intel didn’t have to mention Brexit but he did so we must have been in the running at one point but Brexit put the nail in the coffin of our bid.
That’s a massive spend Intel are planning (£70-80Billion) and if as Boris claimed he wanted a high tech economy it’s an example of why Brexit has hurt us . We could have stayed in and tried to become a High tech economy. The EU weren’t stopping us but Boris insinuated they were.
Yes the uk is ruled out because of brexit this is true the reason being is that they need eu subsidies .
In 2021, Intel announced it would look to spend about $20bn to produce semiconductors in Europe. It is likely the company will look at a multi-site approach in order to maximise the amount of subsidies it can receive.
so yes the uk MAY have got a part of the business but it hasn't lost anything due to brexit apart from the CHANCE to subsidise a company to come to the uk nothing guaranteed and not for the headline amount either.
They also want to be close to their market and the subsidies are to offset cheaper labour costs in the far east. It’s a political investment as much as an economic as China has too much sway in the market.
Given the push to secure high tech away from China it’s a good thing.
We are too exposed and I personally think allowing China to build and operate our nuclear plants is just mad!!
Brexit has cost us the chance to benefit whether it’s £20 or £100billion. The result is zero investment either way in the U.K. for intel.
Subsidising car manufacturers which were already here is purely down to Brexit.
Huawei have committed 1.2 billion to build a r & d facility in Cambridge.
Would that be the same Huawei that we have forbidden the use of their components in our 5G networks, surveillance systems etc? Whose mobiles are blacklisted for any government use?
It doesn't seem logical on the face of it but appears to be true. I see that they do far more than just phones and have committed the investment in the UK. Not only R&D but to manufacture in Cambridge as well
It shows the double standards and political spin from the government over Huawei. Another thing all Huawei employees are shareholders in the company through ESOP which looks extremely lucrative for the employee."
That's business and politics for you. Sounds like good news for that region and the package you describe for the workers also sounds very good |
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