CEO Pat Gelsinger is taking an unexpected but key role in the geopolitical realm, as the world’s supply of vital semiconductor chips hits worryingly low levels.
Last week, the European Union launched the European Chips Act, in which it will commit €43 billion to build a domestic semiconductor manufacturing base, and theis slated to provide $US52 billion to encourage more private-sector investment in production.
“It wasn’t like I didn’t show up in Washington DC before rejoining Intel, but I’m showing up a lot more now,” he says. It is a long time since chips were found only in computing devices, and the shortage was first obviously felt in the car industry.last year because of a lack of semiconductors. He observes that in 1990, the US made 37 per cent of global semiconductors, and Europe made 44 per cent. This has now dwindled to 12 per cent and 9 per cent, respectively, with the bulk of the world’s supply coming from Asia.
“Obviously I’m not going to build a fab in every country. My Australian customers can’t say ‘Pat build a $20 billion fab here’ ... These are large at-scale investments, but we can do a lot better than we have.
Singapore Latest News, Singapore Headlines
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