Intel Corp. plans to spend $20 billion on a chipmaking hub on the outskirts of Columbus, Ohio, which the company expects to grow to be the world’s biggest semiconductor-manufacturing site.
Intel Chief Executive Officer Pat Gelsinger has been vocal about the need to build more chip factories in the U.S. and Europe, areas where manufacturing of the vital electronic components has declined precipitously. He’s argued that a rebalancing of production is needed to reverse the industry’s increasing concentration in East Asia.
Gelsinger has pointed to the pandemic-induced supply-chain crunch and increasing geopolitical tension between China and the U.S. as evidence that Western governments need to find cash to persuade chipmakers to relocate.
Read More at Bloomberg
Read the rest at Bloomberg