02 Dec 2008
New York serves AMD free Foundry lunch

Gosh, this didn't make the front page "bailout news", now did it? Yet that's exactly what it is: a government gimme sending tax dollars to private companies (or in this case, a foreign government).

If that's not "redistribution of the wealth" I don't know what is. But I'll betcha there will be no protests by Chambers of Commerce over this deal.

As state and local governments across the U.S. starve for revenue during the ongoing financial meltdown, AMD and its Abu Dhabi-based partner, Advanced Technology Investment Co., were yesterday unanimously voted $1.2bn in tax and cash incentives from New York's Empire State Development Corp., according to a report published in Albany's The Business Review.

(link) [The Register]

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