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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (322479)	1/23/2007 5:40:17 PM
From: SilentZ	Read Replies (1) \| Respond to of 1578927

>That amounts to one million dollars per job. Wonderful. At least this is high-tech, but I wonder how many businesses NOT on the cutting edge of progress get those kinds of subsidies. Oil companies, for one? I know a bit about this -- my best friend (a Cornell grad) just interviewed for a lead teaching position at the nanotech school in Albany. This may be a case where the subsidies aren't such a bad move, even if they seem steep... they're trying to build a tech corridor up I-87 from Albany to Saratoga, and they needed a flagship company... AMD, 15 miles up from the nanotech labs, will be that. They're really forward-thinking. They've got a whole bunch of people working in the tech centers as engineers, programmers, biotechnicians, etc. The position that my friend is interviewing for is to teach business skills to those techies so they can become the next big technology CEOs... then, 5-6 years down the line after the AMD plant's technology becomes obsolete (I'm not really keeping up; is it being tooled for something like .05 micron interconnects?) and they start producing commodity chips, the most skilled guys there would be able to go work for the new companies estabilshed by those aforementioned CEOs. Pretty neat, no? And it's my city! EDIT: Although, spending all my time in NYC these days (currently writing this post from a TGI Friday's by Wall St.), it's much less my city than it was, say, five years ago... -Z

To: Tenchusatsu who wrote (322479)	1/23/2007 6:13:42 PM
From: tejek	Respond to of 1578927

Well you didn't think this was the main reason why AMD located a plant there: "One reason the area was chosen was the region's strong educational institutions, which he said will be needed to supply the educated workforce that will be required." AMD is very good at getting huge subsidies for its new plants. In the end I bet AMD only pays for the equipment inside its new plants. And like I said before, the way local politicians got that $1.2 billion was by telling their constituents that this was just the beginning of a serious influx of hi tech industry.........more jobs, more everything. And the reason they told their constituents that is because that's what AMD told them in order to get the $1.2 billion. Its an old game......only now the con artists where suits and carry briefcases. ;-)