Wednesday, March 01, 2006

More High-Tech Investments Move Overseas



The US continues to farm out jobs overseas as Intel announces plans to invest $300MM in Vietnam:

Intel Corp., the world's largest chip maker, said it would invest $300 million to build a factory in Vietnam to package and test microchips that power personal computers and mobile phones.

It marks the biggest investment in Vietnam by a U.S. company, and Intel has an option to double its investment in the country.

Jobs are moving overseas but mostly those at the bottom of the food chain. Research is still primarily done in US companies and universities. Offshore research has the same challenges as offshore coding - communication and cultural challenges result in only non-core work being pushed out of North America. Better get on top of the food chain if you aren't already. The shift of jobs is not likely to stop anytime soon.

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