General Discussion

TomCADem

(17,387 posts) Thu Mar 25, 2021, 03:49 PM Mar 2021

Intel is spending $20 billion to build two new chip plants in Arizona

This is just another example of how Biden is fixing Trump and Republican misteps. Trump starts a trade war with China, which disrupts semiconductor trade without a plan. This not only hurts people who are looking for the latest and greatest graphics card to game, but it also hurts American car makers given the increasing complexity of modern vehicles.

https://www.cnbc.com/2021/03/23/intel-is-spending-20-billion-to-build-two-new-chip-plants-in-arizona.html

Intel announced on Tuesday that it will spend $20 billion to build two new chip factories, called fabs, in Chandler, Arizona.

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In February, President Joe Biden said domestic semiconductor manufacturing is a priority for his administration. His administration hopes to fix going chip shortages and address lawmaker concerns that outsourcing chipmaking had made the U.S. more vulnerable to supply chain disruptions.

In an executive action, Biden started began a 100-day review that could boost American chip companies with additional government support and new policies.

“Today’s Executive Order, combined with full funding for the CHIPS Act, can help level the playing field in the global competition for semiconductor manufacturing leadership, enabling American companies to compete on equal footing with foreign companies heavily subsidized by their governments,” Intel said at the time in response to the executive order.