WASHINGTON, July 21 -- Sen. John Kennedy issued the following press release:
Sen. John Kennedy (R-La.) questioned why Intel announced plans to build its latest chip manufacturing facility in Ireland, rather than the United States, in a speech on the U.S. Senate floor.
Key excerpts of the speech are below:
"The Department of Commerce gave Intel $8.9 billion cash in return for 10% of the company. Well, here's why I think Intel might have rinky-doo'd us. Intel just announced they were taking $5 billion of that. And you know what they're doing with it? They're building a chip manufacturing plant in Ireland.
"I mean, I don't get it. And I know Intel's going to say, 'Well, it wasn't the $8.9 billion that the American taxpayer gave us that w...