24 Jan 2022 -
 General

Intel plans $20bn semiconductor plant, Biden says ‘this is just the beginning’

U.S. President Joe Biden hailed Intel Corp’s recent announcement that it will construct a $20 billion factory outside Columbus, Ohio, creating 7,000 construction jobs and an additional 3,000 permanent jobs as ‘just the beginning’.

Intel Corporation chief executive Pat Gelsinger told the World Economic Forum in Davos they will soon be ramping up capacity to ensure global semiconductor demand is met.

“We will now be building a resilient global supply chain for something that is more important to our future than where the oil reserves are: the chips. That is becoming more to humanity and every aspect of digitisation of everything,” Gelsinger said.

“We announced multiple new firms last year. I am looking forward to announcing our next mega site in the US very shortly, and doing so in Europe very shortly. It’s that important to the future of the industry and to the economy.”

Intel is the latest semiconductor company to announce expansion plans in the U.S. amid a global shortage of the chips used in phones, cars and video games. Biden said the announcement shows the U.S. is “in a better position than any nation…to seize these opportunities,” and he hailed the passage of his bipartisan infrastructure legislation as one of the reasons.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

Related News

10 Jul 2024 - General

Counterfeit GPUs on the Rise: A Growing Concern for the Electronics Industry

Read more

09 Jul 2024 - General

DRAM Prices Skyrocket Amidst AI Boom and Production Shifts: A Deep Dive into the Memory Market

Read more

08 Jul 2024 - General

US Government Invests in Semiconductor Workforce to Combat Looming Talent Crisis, But Challenges Remain

Read more

07 Jul 2024 - General

Semiconductor Manufacturing Equipment Sales Expected to Explode

Read more

05 Jul 2024 - General

US attracting ‘insane’ money into building chip manufacturing

Read more

04 Jul 2024 - General

Vietnam: caught in the crossfire of US-China tech rivalry

Read more