There was a story on job creation as a bargaining chip on PBS radio recently. They concentrated on the Ford labor negotiations, but the larger point was that companies have all the leverage in those discussions. Globalization has handed them the keys to a disconcerting amount of power over governments.
I think Intel was asking Israel for $600 million towards an estimated total cost of $2.7 billion for a second fab module at Kiryat Gat. That is about 22 percent which is about the normal amount of incentive.
But Israel offered $290 million of which only half was for Kiryat Gat and the rest was for a chip assembly plant in the north of the country.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.