Last week, an interesting report popped up regarding 'Project Azalea,' a mysterious plan for a 3.2 million-square-foot production facility being pitched to New York economic development officials by an unidentified company. Because of its reported $10 billion construction cost, the general consensus is that it's likely a chip-making plant. And rumor has it that it's for Apple's products.
The theory is that the Cupertino company could be behind this Azalea project, along with a major manufacturer like Foxconn or TSMC. It's no secret that Apple is trying to move its mobile chip business away from Samsung, and a new $10B fab plant would definitely help out with that. The question is, where is it going to be built? Because Azalea talk just popped up in Oregon...