INDIANA: US chip titan Intel said on Tuesday (Wednesday in Manila) it would invest $20 billion in building two new plants in Arizona as part of a plan to ramp up production in the United States and Europe. He stressed that Intel intends to continue doing most of its chip making at its own plants, while also building on relationships with third-party foundries for some of its product line. As part of a vision to be a major producer of chips in the United States and Europe, Intel is establishing a new “foundry services” unit, according to the Silicon Valley company. “The $20 billion doubling down of manufacturing is bold.” Moorhead expected more investment by Intel given the need expressed by the United States and European governments for on-shore, leading-edge chip making. Intel said it took in $20 billion in revenue during the final quarter of last year, little changed from a year earlier, amid robust sales of personal computers.

Source: Manila Times March 24, 2021 16:30 UTC