Intel chip (Image: Reuters)
Intel introduced a $20 billion plan in March to increase its superior chip manufacturing capability, constructing two factories in Arizona and opening its crops to exterior clients.
- Reuters
- Last Updated:May 31, 2021, 12:20 IST
- FOLLOW US ON:
Intel’s CEO mentioned on Monday it may take a number of years for a worldwide scarcity of semiconductors to be resolved, an issue that has shuttered some auto manufacturing traces and can also be being felt in different areas, together with client electronics. Pat Gelsinger instructed a digital session of the Computex commerce present in Taipei that the work-and-study-from-home pattern throughout the COVID-19 pandemic had led to a “cycle of explosive progress in semiconductors” that has placed huge strain on global supply chains.
“But while the industry has taken steps to address near term constraints it could still take a couple of years for the ecosystem to address shortages of foundry capacity, substrates and components.” Gelsinger had instructed The Washington Post in an interview in mid-April the scarcity was going to take “a few years” to abate, and that it planned to start producing chips within six to nine months to address shortages at US car plants. Intel announced a $20 billion plan in March to expand its advanced chip manufacturing capacity, building two factories in Arizona and opening its plants to outside customers.
“We plan to expand to other locations in the U.S. and Europe, ensuring a sustainable and secure semiconductor supply chain for the world,” Gelsinger mentioned, with out elaborating. Intel’s plans may immediately problem the 2 different firms on the earth that may take advantage of superior chips – Taiwan Semiconductor Manufacturing, and South Korea’s Samsung Electronics. The two have come to dominate the semiconductor manufacturing enterprise, shifting its centre of gravity from the United States, the place a lot of the expertise was as soon as invented, to Asia, the place greater than two-thirds of superior chips are actually manufactured.
Read all of the Latest News, Breaking News and Coronavirus News right here
