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Intel CEO announces $100 billion chip investment plan

Share with friends and circles of friends with wechat scanning QR code < / P > < p > < January 22. On Friday, local time, chip manufacturer Intel said it would initially invest US $20 billion to build two chip manufacturing plants; And plans to eventually invest up to $100 billion to build the world's largest chip manufacturing base in Ohio < p > < / P > < p > at present, the global chip shortage has affected products in various fields, from smart phones to automobiles. Intel's move is not only to improve chip production capacity, but also a strategic part of CEO pat Gelsinger's strategy to revitalize Intel's leading position in chip manufacturing < p > Gelsinger said that the $20 billion advance investment is the largest investment in Ohio's history and will create 3000 jobs on 1000 acres (about 400 hectares) of land in New Albany. He said the figure could rise to $100 billion and build eight manufacturing plants, which would also be the largest investment in Ohio since records began < p > Gelsinger said that the local area will become the heart of chips and may be "the largest chip manufacturing base on earth" < p > although chip manufacturers are scrambling to increase production, Intel's plan to build a new plant in Ohio will not help ease the shortage of chip supply in the short term. Such factories will take years to build < p > Gail Singh reiterated on Friday that the chip shortage is expected to continue until 2023 < p > in order to significantly increase US chip production, the Biden administration is persuading the US Congress to approve $52 billion in industry subsidies < p > Nancy Pelosi, speaker of the US House of Representatives, said on Friday that the house of Representatives would soon propose a bill to promote investment in the chip field and strengthen the supply chain through various measures, including US $52 billion < p > US President Joe Biden also mentioned Intel's investment at the White House on Friday and stressed once again that the US Congress has reason to take action < p > Gelsinger said that even without government funding, "we will still start the construction of production base in Ohio, but it will not happen so fast and will not grow so fast." < p > according to Gartner, a market research company, Intel ceded the first position of chip supplier to Samsung Electronics in 2021, ranking second. In that year, Intel's business growth rate was only 0.5%, the lowest among the top 25 chip suppliers < p > as part of the transformation plan, Intel will become a major chip foundry. Last September, the company broke ground on two plants in Arizona. The two plants cost US $20 billion and will increase the total number of Intel plants in Chandler, a suburb of Phoenix, to six < p > Gelsinger said he hoped to announce another large manufacturing base in Europe in the coming months < p > it is not just Intel that has increased its investment. Competitors Samsung Electronics and TSMC have also announced major investment plans in the United States, which has raised concerns about the oversupply of chips < p > Gelsinger said: "it will take several years to reach the balance between supply and demand." "Ask yourself which part of your life is not more digital." < p > said Alan Priestley, an analyst at Gartner, a market research company. "The industry is indeed growing. Maybe the yuan universe will help solve the worldwide demand for chip industry. But a huge bubble is coming." p> < p > Intel's investment in Ohio is expected to attract more partners and suppliers. Intel said that air chemical products, applied materials, pan forest semiconductor and super Colin all expressed interest in setting up business in the region < p > the construction of Intel's first two plants is expected to start later in 2022 and is planned to be put into operation in 2025. (Chen Chen) < / P > < p >


2023-03-22 10:04:49

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