September 30, 2022

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Intel CEO emphasizes government support for US semiconductor industry – IT Pro – News

Intel CEO Intel Pat Gelsinger asks members of the US House of Representatives to approve CHIPS for America legislation. He did it through a comment section on CNN. Through the bill, the US government will invest $ 52 billion in the chip sector.

In Feedback piece Posting on CNN’s website, Intel’s chief executive said the support from the Central American government would equalize the playing field compared to the rest of the world, and that the law would allow tens of thousands of dollars in private investment in the U.S. semiconductor sector. Investments will create thousands of new jobs.

According to the CEO, the production of semiconductors in the United States has been steadily declining since the early 1990s. “The U.S. share of global chip production was 37 percent in 1990. It was 12 percent in 2020. Europe’s share fell from 44 percent to about 9 percent during that period,” it sounds.

“Today, many American companies are not financially interested in making chips locally,” Kelsinger continues. “The cost for chip makers to manufacture semiconductors in the United States is 30 percent higher than production in Asia.” According to Kelsinger, the continent currently represents 75 percent of global semiconductor production.

“Without US investment to make chip production more competitive domestically compared to other countries, the United States will not have enough access to the chips on which both our economy and our national security depend,” it said. According to Intel’s chief executive, federal support will not eliminate the current chip shortage in the United States, but will play a key role in avoiding them in the future.

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From Chips for America Law Refers to the creation of auxiliary incentives for the production of semiconductors. The bill has already been approved by the Senate and will soon be voted on by members of the US House of Representatives. Earlier this year, major US chip and technology companies formed a new campaign team Semiconductors in the United States Alliance. The 64 members then approved the CHIPS for America Act in an open letter to the US Congress.

There are also plans in the EU to increase investment in the European chip sector. Ursula von der Leyen, head of the European Commission, said in September that he would like to introduce European chips legislation. Through this legislation, van der Leyen wants to ensure the existence of ‘European ecosystem chips’, including the production of European chips. Tweakers Previously wrote a background article The European Commission’s desire to strengthen the European chip industry.