Broke Italians pay $5 billion to make Intel rich

Stefan Mileschin · 9th August 2022, 09:19

Wants it to build a semiconductor packaging and assembly plant

The nation which built an empire stretching from the Britain to Persia is following its neo-liberal dreams by giving Intel $5 billion to build a semiconductor packaging and assembly plant in the country.

To put this into some perspective, Italy is flat broke and owes money to practically every country in the known world. Most of its highly skilled workers are paid less than 2000 euro and its health system nearly collapsed under Covid because successive governments have trousered cash into their own bank accounts. Local authorities are struggling to get rubbish collected, even though that is arguably their only job other than keeping UK people from staying in the country.

So, given all that, why not give money ear marked for Covid redevelopment to an American company who will hire a few highly skilled workers which it will presumably have to import into the country?

https://fudzilla.com/news/pc-hardwar...ake-intel-rich

9th August 2022, 09:19	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Broke Italians pay $5 billion to make Intel rich Wants it to build a semiconductor packaging and assembly plant The nation which built an empire stretching from the Britain to Persia is following its neo-liberal dreams by giving Intel $5 billion to build a semiconductor packaging and assembly plant in the country. To put this into some perspective, Italy is flat broke and owes money to practically every country in the known world. Most of its highly skilled workers are paid less than 2000 euro and its health system nearly collapsed under Covid because successive governments have trousered cash into their own bank accounts. Local authorities are struggling to get rubbish collected, even though that is arguably their only job other than keeping UK people from staying in the country. So, given all that, why not give money ear marked for Covid redevelopment to an American company who will hire a few highly skilled workers which it will presumably have to import into the country? https://fudzilla.com/news/pc-hardwar...ake-intel-rich

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Intel’s new fab will cost between $60 billion and $120 billion	Stefan Mileschin	WebNews	0	10th August 2021 07:57
Qualcomm expects to make $4.5 billion from Apple settlement	Stefan Mileschin	WebNews	0	3rd May 2019 06:06
Fortnite helped make Epic $3 billion in profit	Stefan Mileschin	WebNews	0	29th December 2018 11:11
Sony will make almost $1 billion on Spotify's IPO	Stefan Mileschin	WebNews	0	7th April 2018 05:29
Apple claims it does not make products for the rich	Stefan Mileschin	WebNews	0	15th September 2017 06:20
Snapchat aims to make over $1 billion in revenue in 2017	Stefan Mileschin	WebNews	0	27th May 2016 09:00
Tesla is selling $2 billion in stock to make the Model 3	Stefan Mileschin	WebNews	0	22nd May 2016 12:27
MIT is raising $5 billion to make the world a better place	Stefan Mileschin	WebNews	0	8th May 2016 08:38
There are now 3 billion internet users, but mostly in rich countries	Stefan Mileschin	WebNews	0	26th November 2014 08:11
Intel reports Q2 earnings: rakes in $13.5 billion, pockets $2.8 billion	Stefan Mileschin	WebNews	0	18th July 2012 09:13