A naukri.com initiative
Insider
1M
153
Image Credit: Insider
Intel is far from becoming the American chipmaking powerhouse the US needs
- Intel is struggling to gain market share in the semiconductor industry.
- Intel becoming a globally competitive US chip manufacturer is vital for the US economy.
- The U.S. government officials are counting on Intel to lead the country's chip manufacturing renaissance but the company is struggling to meet expectations.
- If Intel falls short, there is reasonable concern that advanced fabs will not be sustainably available in the US.
- Intel's recent struggles have raised concerns among some government officials.
- Intel announced it will be expanding its collaboration with Amazon Web Services
- Competing with the likes of TSMC and Nvidia will be an uphill battle.
- Intel is the largest recipient of funding from the CHIPS Act, which included $52.7 billion in tax breaks and subsidies intended to bolster the US semiconductor industry
- Intel hasn't met the benchmarks yet for receiving the funds to expand its operations in Arizona, Ohio, New Mexico, and Oregon.
- Government officials have discussed whether Intel should receive additional financial support or merge its chip design business with a competitor.
Read Full Article
9 Likes
For uninterrupted reading, download the app