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...California can't arbitrarily lower its cost of labor or real estate. Intel, the world's largest maker of microchips, chose Albuquerque, New Mexico, as the site for a new $1.3 billion semiconductor plant, stiffing its own headquarters location in pricey Silicon Valley. New Mexico sweetened the deal further by giving Intel a 30-year exemption from property taxes for the plant, which Intel says will create 3,000 jobs. The exemption formed the bulk of a 30-year, $566 million incentive package from New Mexico that works out to nearly $190,000 per job. (New Mexico's unemployment rate...

Author: /time Magazine | Title: A NO-WIN WAR BETWEEN THE STATES | 4/8/1996 | See Source »

Organized by Internet and computer experts from the University, the conference will also feature Netscape Chair Jim Clark, Sun Microsystems CEO Scott McNealy, General Manager of the Intel Internet Technology Lab Steven McGeady and President Neil L. Rudenstine...

Author: By Michael T. Jalkut, | Title: University Will Host Internet Conference | 2/27/1996 | See Source »

MICROSOFT CHAIRMAN BILL GATES hates it. So does Intel president Andy Grove and virtually every other chief executive in Silicon Valley. In Washington the representatives of America's vaunted high-tech industries hate it too. Phyllis Eisen, senior policy director of the 14,000-member National Association of Manufacturers (NAM), one of the country's most powerful business lobbies, decries it as "insane...

Author: /time Magazine | Title: CUTTING OFF THE BRAINS | 2/5/1996 | See Source »

...seriously irate include not only the chairman of Intel but also those of Hewlett-Packard, Texas Instruments, National Semiconductor and other companies; they expressed their misgivings last September in an urgent letter to Representative Henry Hyde, an Illinois Republican who is chairman of the House Judiciary Committee. The letter noted that foreign students account for one-third to one-half of all those enrolled in U.S. graduate schools in science and engineering. "It should be no surprise," the executives wrote, "that highly skilled U.S. engineers are not always available on a timely basis." Microchip giant Intel, for example, hired...

Author: /time Magazine | Title: CUTTING OFF THE BRAINS | 2/5/1996 | See Source »

...ultimate revenge of the nerd. Outplotting, outprogramming and above all outthinking his competitors, he rose to the top of an industry that is driven by shifting alliances, rapid technological changes and the steady drumbeat of Moore's law (after Intel co-founder Gordon Moore, who observed that the power of silicon chips doubles every 18 months). Nobody navigates these turbulent complexities better than Gates, who understands as few do that the great lever of wealth and power in the digital age is not hardware or even software but control over the standards to which others must adhere. Today...

Author: /time Magazine | Title: HEADLINERS: BILL GATES | 12/25/1995 | See Source »

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