And so, in a desperate attempt to cut through the red tape, new-ish Intel CEO Lip Bu Tan on Friday conceded 10 percent of his company, about 433 million shares, to Uncle Sam in exchange for $8.9 billion of funding held hostage by the current administration. Remember, Intel has already spent tens of billions of dollars on fabs with the understanding its investments in US manufacturing would be rewarded.
Foxconn's failure to establish large-scale electric vehicle production at the former GM factory in Ohio has led to the sale of the facility to Crescent Dune LLC, a new business partner.
A pickup in the pace of innovation—potentially from recent advances in robotics and generative AI—remains the catalyst most likely to reverse long-run stagnation in manufacturing productivity.
Roche's $50 billion investment in US manufacturing aims to create over 12,000 jobs and counter potential tariffs, marking a significant commitment to innovation and growth.
