Reply to post: Re: @Disgusted Of Tunbridge Wells

Intel's €80bn European chip plant investment plan not bound for UK because Brexit

codejunky Silver badge

Re: @Disgusted Of Tunbridge Wells

@Geez Money

"Where else do governments get 1,000% return on investment?"

Why do you think the EU is coming out of this with return? Its more expensive to make these things in Europe. The EU will pay (aka EU tax payers will pay) to make chips the entire world can buy cheaper from Asia which means the price wont go up (they wont sell if they do) and the world gets more chips on the global market which suppresses the price. Aka the rest of the world benefits from this.

The UK will benefit from cheaper chips the EU taxpayer pays for then sells to us. We spend nothing and get the economic benefits! Our gov has just beaten 1,000% theoretical return.

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