And cool it on the export bans, pleads CEO – we want to sell fish, not fishing rods, to China
Intel should benefit more from the US government's $52 billion CHIPS Act largesse than some other companies building local chip plants because it conducts its R&D Stateside as well, according to CEO Pat Gelsinger.
"It's just getting underway, and it's both subsidizing of manufacturing to make us competitive with Asia – it's 30 to 40 percent more expensive to do that in the US – so the CHIPS Act sort of levels the playing field to make our investments in this space competitive in the worldwide sense," Gelsinger said."And funding also covers medium term investments in industry formations, supply chain rebuilding in the US, and also long term research.
He clarified that remark by adding"Because all of my essential R&D is done here, most of their R&D is done overseas, so I believe we should benefit more."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Arabia and UAE race to buy Nvidia chips to power AI ambitions\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
The top Scottish fish and chips spots around the country to enjoy in sunshineThe Daily Record has put together a list of some of the very best fish and chip spots across Scotland to enjoy in sunshine — from Aberdeen to Edinburgh to Shetland.
Read more »
Intel's plan to buy Tower Semiconductor hits the buffersTermination fee of $353 million wipes out Intel Foundry Services' revenue for last quarter
Read more »
China thwarts Intel’s $5.4bn Israeli chipmaker purchase\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Read more »
Intel Corp | Financial TimesNews, analysis and comment from the Financial Times, the worldʼs leading global business publication
Read more »
Intel's excellent Core i3-12100F CPU is down to £83 from Box right nowIntel's Core i3-12100F makes for an excellent budget CPU, and you can currently get one from Box for £83, which is quit…
Read more »