They have $10B overseas that they can't bring home because American fools re-elected Obummer. They are investing the money overseas and borrowing the money here at low interest. Interest rates are low because Obummer is printing money. The only thing that is growing here is inflation. They will grow overseas and pay off the debt by buying inflated dollars cheap some day in the future. Everyone wins except the citizens of America.
I am a U.S. citizen, but am glad that Intel is doing this. If Romney were elected, INTC would not be doing this.