Intel said at its stockholder meeting today it plans to spend $2 billion to build a new plant in Ireland. This isn't a radical change in strategy. Long before outsourcing became a hot potato, Intel was busy creating a network of manufacturing and research facilities around the globe. Craig Barrett figures it this way: If Intel is a global corporation that derives most of its revenues from non-U.S. sources--72 percent, to be precise--why not expand its footprint around the world? (For what it's worth, the Americas accounted for just 28 percent of revenue, or $8.4 billion--a slight decline from $8.6 billion the year before.)
This raises another question on the offshoring agenda: Just how should we define U.S. technology companies? When the PC business was just getting off the ground this was a no-brainer. A company like Intel was as American as apple pie. But when a firm's corporate headquarters are "over here" but most of its business comes from "over there" it raises new questions about corporate identity.
AMD settles in for China business
AMD finally got around to the official opening of its own local subsidiary in China. Long overdue.